INVENTORY MANAGEMENT AND FINANCIAL SUSTAINABILITY: INSIGHT FROM QUOTED MANUFACTURING FIRMS IN NIGERIA.

2022 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Obiajulu Chibuzo Okeke ◽  
Wisdom Okere ◽  
Mary Fidelis Chidoziem Abiahu ◽  
Chinnan Francis Dafyak
Keyword(s):  
Inventory Management ◽  
Manufacturing Firms ◽  
Financial Sustainability

scholarly journals A Comparison of the Financial Characteristics of NAFTA and Latin American Manufacturing Firms

2017 ◽  
Vol 6 (2) ◽  
pp. 22-29
Author(s):  
Gulser Meric ◽  
Cengiz Haksever ◽  
J. Drew Procaccino ◽  
Ilhan Meric
Keyword(s):  
Multivariate Analysis ◽  
Inventory Management ◽  
Analysis Of Variance ◽  
Latin American ◽  
Financial Risk ◽  
Liquidity Risk ◽  
Manufacturing Firms ◽  
Research Topic ◽  
Accounts Receivable ◽  
Financial Characteristics

Comparing the financial characteristics of firms in different countries and different regions has been a popular research topic in finance. However, NAFTA and Latin American manufacturing firms have never been compared. In this paper, we undertake such a study with the MANOVA (Multivariate Analysis of Variance) method and with data drawn from the Research Insight/Global Vintage database in October 2015. Our findings indicate that NAFTA manufacturing firms have less liquidity risk, but more financial risk, compared with Latin American Manufacturing firms. NAFTA manufacturing firms have significantly higher returns on equity due to achieving higher returns on assets and using more financial leverage. Latin American manufacturing firms have more efficient inventory management. However, NAFTA manufacturing firms have more efficient accounts receivable management and total assets management.

Inventory Control Policy of Service Parts under the Background of Service-Embedded Manufacturing

2011 ◽  
Vol 201-203 ◽  
pp. 2509-2512
Author(s):  
Peng Peng Wang ◽  
Xin Guo Ming ◽  
Dong Zhang ◽  
Dong Li ◽  
Zhen Yong Wu
Keyword(s):  
Inventory Control ◽  
Inventory Management ◽  
Control Policy ◽  
Service Level ◽  
Manufacturing Firms ◽  
Control Parameters ◽  
Service Market ◽  
Service Parts ◽  
Maximum Profit ◽  
Inventory Control Policy

This paper studied service parts inventory control policy of a large equipment manufacturer which is on the transformation to service-embedded manufacturing. In order to get win-win solution for both supplier and client, a new cooperation pattern of service parts management was proposed. And a service parts model of multi-echelon inventory system in the after-sale service market was build based on the analysis of service parts demand under servitizaion. Based on this model, many issues of service parts inventory management were studied. Finally the inventory control parameters were exploited which aims at the maximum profit of service parts inventory. With this method, the reduced inventory of suppliers and improved service level could be calculated quantitatively, which could work as a reference to set price of extensional services. Experiments showed the method proposed in this paper is valid for service-embedded manufacturing firms.

scholarly journals Inventory Management and Operational Performance of Manufacturing Firms in South-East Nigeria

2019 ◽  
Vol 12 (7) ◽  
pp. 76
Author(s):  
Stella Mbah ◽  
Jeffery Obiezekwem ◽  
Azuka Okuoyibo
Keyword(s):  
Inventory Management ◽  
Manufacturing Firms ◽  
Operational Performance ◽  
Just In Time ◽  
The South ◽  
Inventory Cost ◽  
East Region ◽  
Study Results ◽  
The Relationship ◽  
Industrialization Prospects

This study aims to ascertain the relationship between inventory management and operational performance of quoted manufacturing firms in the south-east; one of the geographic regions with high industrialization prospects in Nigeria. To achieve this, operational performance of manufacturing firms and their association with components of inventory management; inventory cost, just-in-time approach, materials requirement planning and strategic supplier partnership, was examined through a questionnaire. Three hundred and seventy-one copies of a questionnaire issued to five hundred and thirty-eight sampled respondents of four quoted manufacturing firms in the south-east region of Nigeria were properly filled and found relevant to the study. The study used SPSS and Excel-based descriptive statistics to analyze the data collected. Regression analysis was used to test the hypotheses of the study. Study results conclude that there is a positive significant relationship between; inventory cost, just in time approach, materials requirement planning and strategic supplier partnership and operational performance of quoted manufacturing firms in the south-east region, Nigeria. The study recommends among others that, manufacturing firms in south-east Nigeria should adopt inventory practices such as strategic supplier partnership, just-in-time approach, materials requirement planning and inventory cost control due to the significant effect these practices have on operational performance.

scholarly journals Inventory Management Practices and Organization Performance of Steel Industries in Nairobi County, Kenya

2019 ◽  
Vol 3 (III) ◽  
pp. 71-82
Author(s):  
Elsa Atieno Okumu ◽  
Shadrack Bett
Keyword(s):  
Data Collection ◽  
Inventory Management ◽  
Steel Industry ◽  
Management Practices ◽  
Manufacturing Firms ◽  
Economic Order Quantity ◽  
Organization Performance ◽  
Order Quantity ◽  
Steel Manufacturing ◽  
Steel Industries

Industries are key to many economies they are used as a proxy for country’s economic growth and development. The steel industry constitutes about 15% of the aggregate production by manufacturing firms hence it plays a key role in the performance of a country’s GDP and many are forecasting that its demand will continue to rise due to various development activities the national government and private firms have embarked on towards realisation of the country’s vision 2030. Inventory management is critical in the aspects of organization performance within the context of steel industries therefore steel companies must check on their inventory management practices in order not to impact on their Organization performance. This is achievable through operation at absolute minimum stock out events with prompt response to market fluctuations while at the same time carrying minimal buffer stocks. The study sought to fill the existent literature gap in the area of inventory management and organization performance in the steel industry. Descriptive research design was used in the study. The target population for this study were employees in the, Quality, administration, sales and marketing, production departments of three steel companies in Nairobi County Kenya. The study employed both primary and secondary during the stages of data collection where questionnaires were administered through drop and pick method while secondary data was obtained from the firms published comprehensive profit and loss statement particularly the company’s sales.  A sample size of 45 respondents was utilized. The pilot study was conducted using a pretest of the questioner using 10% of the respondents that is 5 respondents. The validity of the data collection instrument was examined during the pilot study using a set of experts in the area inventory management as well as the supervisors. The reliability of the data collection was examined through the use of the cronbach alpha coefficient of a threshold of 0.7 and above. The researcher used descriptive method as well as SPSS. V.23 to analyse data. The research established that there is a positive and significant correlation between Economic order quantity and organization performance of steel manufacturing companies in Nairobi County. The study also found a significant positive correlation between Material/Inventory control and organization performance. It also established an existence of a positive and significant correlation between quality control and organizational performance. However, the study found a negative correlation between Legislation and organization performance. The study concludes that organization performance among steel firms in Nairobi County is influenced by Economic order quantity, material/inventory control and quality control. The study therefore recommends that the stakeholders should consider these factors in order to improve the performance of steel manufacturing firms as well as developing policies to protect local steel manufacturing firms from stiff completion from firms in developed countries particularly from China and U.S.A.

scholarly journals A Comparison of Business Management Characteristics in U.S., German, and Japanese Manufacturing Corporations

2019 ◽  
Vol 14 (1) ◽  
pp. 141-153
Author(s):  
Gulser Meric ◽  
Berrin Guner ◽  
Shifei Chung ◽  
Ilhan Meric
Keyword(s):  
Inventory Management ◽  
Manufacturing Firms ◽  
Just In Time ◽  
Turnover Rates ◽  
Bankruptcy Risk ◽  
Corporate Managers ◽  
Operating Profit ◽  
Accounts Payable ◽  
Inventory Turnover ◽  
Global Investors

AbstractComparing the management characteristics of business firms in different countries has been a popular research topic in business administration. In this paper, we compare the management characteristics of U.S., German, and Japanese manufacturing corporations. The findings of our study can provide valuable insights for corporate managers and global investors. We find that U.S. manufacturing corporations have the lowest liquidity risk (i.e., U.S. manufacturing firms have higher liquidity levels) compared with German and Japanese manufacturing corporations. German manufacturing corporations have the highest bankruptcy risk (i.e., German manufacturing firms have higher liability levels) compared with U.S. and Japanese manufacturing corporations. The average collection period of accounts receivable and the average payment period of accounts payable are significantly shorter in U.S. manufacturing corporations compared with their German and Japanese counterparts. Due to the extensive use of the just-in-time inventory management system in Japanese Keiretsu industry groupings, Japanese manufacturing corporations have higher inventory turnover rates (i.e., Japanese manufacturing corporations carry lower inventory levels) compared with U.S. and German manufacturing corporations. U.S. manufacturing corporations are able to earn higher operating profit margins compared with their German and Japanese counterparts because they are able to charge higher product prices to customers and/or they are able to have lower manufacturing costs. Japanese manufacturing corporations have the lowest annual sales and total assets growth rates compared with U.S. and German manufacturing corporations.

Inventory management and performance of manufacturing firms

2021 ◽  
Vol 12 (2) ◽  
pp. 149
Author(s):  
Rashmi Ranjan Panigrahi ◽  
Duryodhan Jena ◽  
Deepak Tandon ◽  
Jamini Ranjan Meher ◽  
Padma Charan Mishra ◽  
...  
Keyword(s):  
Inventory Management ◽  
Manufacturing Firms ◽  
And Performance

INVENTORY MANAGEMENT PRACTICES AND FINANCIAL PERFORMANCE OF LARGE MANUFACTURING FIRMS IN KENYA (A CASE STUDY OF BATA SHOE KENYA PLC)

2019 ◽  
Vol 10 (2) ◽  
pp. 309-328
Author(s):  
Michael Antony Mudimba ◽  
Jacinta Muthee Nyawira
Keyword(s):  
Financial Performance ◽  
Inventory Management ◽  
Management Practices ◽  
Manufacturing Firms ◽  
Economic Order Quantity ◽  
Management Systems ◽  
Order Quantity ◽  
Inventory Planning ◽  
Cycle Model

The study was purposed to determine the effect of Inventory management practices and financial performance in large manufacturing firms in Kenya. The research was conducted with the following four aims: To examine the degree at which inventory management systems influence financial performance; to establish the degree at which inventory planning influences financial performance in large manufacturing firms and to assess the degree at which inventory modeling influences financial performance in large manufacturing firms. Also, the research was directed by Economic Order Quantity, Collaborative Planning, Forecasting and Replenishment Model, Deming Cycle Model, transaction of cost economics (TCE). The findings of the study show that all firms need to adopt inventory management practices so as to enjoy the advantages. Thus, the existence of inventory management practices is one of the ways for attaining improvements in their financial performance.

scholarly journals Does Working Capital Management Affect the Operational Liquidity Position of Firms? A Case of Pakistani Manufacturing Firms

2013 ◽  
Vol 9 (1) ◽  
pp. 53-68
Author(s):  
Nisar Ahmad ◽  
Parvez Azim ◽  
Jamshaid ur Rehman
Keyword(s):  
Inventory Management ◽  
Stock Exchange ◽  
Manufacturing Firms ◽  
Capital Management ◽  
Working Capital ◽  
Data Set ◽  
Working Capital Management ◽  
Conservative Strategy ◽  
Negative Effect ◽  
Positive Effect

The study is aimed to investigate the effect of working capital management on the operational liquidity position of diverse manufacturing firms listed on Karachi Stock Exchange, Pakistan. Descriptive statistics, Pearson’s correlation analysis and Pooled (OLS) analysis techniques are applied on the balanced panel data set of 148 manufacturing firms for the period (Jan. 2006 to Dec. 2011). It is found that tight credit policy, efficiency of inventory management, delayed payment policy and overall efficiency of working capital management have significant positive effect on firm’s operational liquidity position. But conservative strategy of investment in current assets and aggressive strategy of short terms financing are found to have negative effect on operational liquidity position of firms. The study suggested that operational liquidity position of listed manufacturing firms can be improved by using appropriate policies and strategies of working capital management. This study can be extended by investigating the differences in working capital management efficiency and working capital policies across various industries and their effect on various measures of liquidity position of firms.

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