An Assessment of Inventory Management Practices at the Hospitality Management Department of Takoradi Technical University

Inventory management encompasses a wide variety of tasks. These tasks differ depending on the organization. The study's main goal is to evaluate inventory management activities at Takoradi Technical University's hospitality management department. Non–experimental analysis was used to design the sample. The study's target population was hospitality students with sample sizes of 60 students. Purposive sampling was used to collect data for the analysis. The analysis relied on primary data. To collect data for the analysis, a structured questionnaire was created with both opened-ended and closed-ended questions. Statistical Package for Social Sciences (SPSS) and Microsoft Excel were used to analyze and process the information. Frequency distribution tables, pie charts, and bar charts were used to display the findings. According to the results, the department did a commendable job of resource management in order to provide supplies for the students' practical training. The department's inventory management process was purely commercial and the proper inventory management process was implemented. Regardless, it was recommended that the hospitality department strive to keep inventory under control. Evidence for inventory management and record documentation should also be handy at all times.

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INFLUENCE OF INVENTORY MANAGEMENT ON PERFORMANCE OF THE PRIVATE COMMERCIAL BANKS IN KENYA

International Journal of Supply Chain and Logistics ◽

10.47941/ijscl.v1i3.215 ◽

2017 ◽

Vol 1 (3) ◽

pp. 111

Author(s):

Samuel Kithae ◽

Dr. John Achuora

Keyword(s):

Information Technology ◽

Inventory Management ◽

Significant Influence ◽

Commercial Banks ◽

Management System ◽

Management Practices ◽

Simple Random Sampling ◽

Target Population ◽

Regression Coefficients ◽

Private Institutions

Purpose: The goal of the study was to examine the influence of inventory management on performance of private commercial banks in Kenya, with an aim of making recommendations on proper use of inventory management practices.Methodology: This research study adopted a descriptive research design approach. The researcher preferred this method because it allowed an in-depth study of the subject. The target population was all the 220 procurement officers in the private commercial banks in Kenya. From the three strata, a sample of 142 respondents was selected using simple random sampling. Data was collected using self-administered questionnaires. The data collected was analyzed by use of descriptive and inferential statistics. Multiple regression model was used to show the relationship between the dependent variable and the independent variables.Results: In regard to information technology, the regression coefficients of the study show that it has a significant influence of 0.752 on performance of private commercial banks. Second in regard to warehouse management system, the regression coefficients of the study show that it has a significant influence of 0.156 on performance of private commercial banks.With regard to the third objective, the regression coefficients of the study show inventory cycle counting has a significant influence of 0.06 on performance of private commercial banks. Lastly, in regard to the fourth objective, the regression coefficients of the study show warehousing management system has a significant influence of 0.02 on performance of private commercial banks.Conclusion: The findings of the study concluded that information technology, inventory control techniques, inventory cycle counting and warehousing management system have a positive relationship with performance in private commercial banks.Policy recommendation: the study recommended that private institutions should embrace inventory management practices so as to improve their performance and further researches should to be carried out in other private institutions to find out if the same results can be obtained.

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Analyzing Role of University/Institute Support and Organizational Environment in Industrial Training Satisfaction of Hospitality Students: with Reference to Uttarakhand

International Journal of Recent Technology and Engineering - 2 ◽

10.35940/ijrte.f7313.038620 ◽

2020 ◽

Vol 8 (6) ◽

pp. 549-554

Keyword(s):

Time Frame ◽

Practical Aspect ◽

Hospitality Management ◽

Organizational Environment ◽

Practical Training ◽

Point Scale ◽

Industrial Training ◽

Hospitality Students ◽

Training Satisfaction

Internship in area of hospitality are integral part of curriculum for any hospitality undergraduate course as it provides students with the platform where they can actually implement their theoretical knowledge into the practical aspect .Internship tenure focuses on supervised practical training of hospitality undergraduates in particular time frame .Internship tenure provides very essential platform to implement their skills in professional hotel environment. In spite of its relevance and importance of internship very little amount of research has been done for analysing the internship satisfaction of hospitality undergraduates .The focus of the research was to analyse the role of University/Institute support and organizational environment for internship satisfaction In order to analyse the role of these factors 18 structured question were asked to the 106 respondent from major hospitality institute of Uttarakhand, the result obtained was analysed using likert 5 point scale. The findings of the study will be relevant and useful for students of hospitality management, Universities /Institute offering courses in the field of Hospitality management and the employer offering jobs to the students of hospitality management

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Promoting Performance of the Building Construction Industry through Risk Identification: A Case of Exchequer Funded Building Construction Projects in Machakos County, Kenya

European Journal of Business Management and Research ◽

10.24018/ejbmr.2020.5.6.662 ◽

2020 ◽

Vol 5 (6) ◽

Author(s):

John Malu Nzioki ◽

Mary Nyawira Mwenda

Keyword(s):

Construction Projects ◽

Management Practices ◽

Target Population ◽

Risk Identification ◽

Building Construction ◽

Primary Data ◽

P Value ◽

County Governments ◽

Level Of Significance ◽

Descriptive Survey

Project failure is an increasingly worrying challenge in Kenya. In implementation of exchequer funded building construction projects, the challenge is real. The study examined the influence of risk management practices on the performance of exchequer funded building construction projects in Machakos County. Little research has been conducted on risk identification and its influence on performance of exchequer funded building construction in Machakos County, this study intended to on build onto the already existing body of knowledge. The study was informed by Agency theory and it employed a descriptive survey research design. The target population was 585 National Construction Authority registered contractors and sample size was 232 respondents. In this case the sample selected is deemed to be representative enough of the whole population and therefore valid and genuine generalizations can be made. Methodology involved in collection and analysis of primary data. Descriptive and inferential statistics were used to analyze data. Quantitative data was tabulated and analyzed using frequencies, percentages, means and standard deviation. Test statistics computed to establish degree of relationship between the variables was Fisher test. The findings depict that risk identification leads to the performance of exchequer funded building construction Projects by factor of 0.237 with P values of 0.008. At 5% level of significance and 95% level of confidence, this is statistically significant as the P-Value is lower than 0.05. The results for testing the hypothesis were (P=0.008<0.05)as the P-Value is lower than 0.05. The study therefore rejects the null hypothesis. The study concludes that there is significant positive relationship between that risk identification leads to the performance of exchequer funded building construction Projects. Further research can be done to assess the risk identification in other county governments and national government projects in Kenya and other countries in order to establish whether the explored factors can be generalized to influence the performance of exchequer funded building construction Projects. The findings of this paper will be used to serve as a longer-term safeguard against risks in construction of buildings in Kenya.

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Inventory Management and Financial Performance of Small Scale Apicultural Enterprises in Cameroon: The Case of Oku Honey Cooperative Society Limited

SMS Journal of Enterpreneurship & Innovation ◽

10.21844/smsjei.v5i02.15892 ◽

2019 ◽

Vol 5 (02) ◽

Author(s):

Peter Ngek Shillie ◽

Dorine Neitebef Sengla

Keyword(s):

Financial Performance ◽

Inventory Management ◽

Management Practices ◽

Raw Materials ◽

Secondary Data ◽

Raw Material ◽

Annual Reports ◽

Primary Data ◽

Small Scale ◽

Cooperative Society

This study examines inventory management and financial performance of Small Scale Apicultural Enterprises in Cameroon, the case of Oku Honey Cooperative Society Limited (OHCSL). The independent variable (Inventory management) proxy by raw materials inventory, work-in-progress inventory, finished products inventory, and packaging material inventory was regressed against dependent variable (financial performance) proxy by gross profit margin. Data used in this study cover the period 1988-2017. The primary data was collected using interviews, structured and semi- structured questionnaires administered to the management staff of the organization. Using magazines, internship reports and annual reports of the enterprise, secondary data was collected. Using multiple regression analysis, the study established that a positive relationship exist between the independent (inventory management) and dependent variables (financial performance) at OHCSL. However, it was uncovered that holding raw material inventory contributed minimal on the financial performance of OHCSL. This was attributed to the fact that honey is processed within 24hours postharvest and hence the cooperative avoids holding raw material inventory. Consequently, the study recommended improvement in inventory management practices including improving staff capacity at the cooperative.

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INVENTORY CONTROLS AND FINANCIAL PERFORMANCE OF GARISSA COUNTY GOVERNMENT, KENYA

International Journal of Finance and Accounting ◽

10.47604/ijfa.538 ◽

2017 ◽

Vol 2 (6) ◽

pp. 34

Author(s):

Mohamed Hussein Nur ◽

Dr Jeremiah Koori

Keyword(s):

Financial Performance ◽

Inventory Management ◽

Management Training ◽

Target Population ◽

Primary Data ◽

County Government ◽

Financial Sustainability ◽

Unique Contribution ◽

County Governments ◽

Treasury Department

Purpose: The purpose of the study was to examine inventory controls and financial performance of Garissa county government, Kenya. Methodology: The study adopted a descriptive research design. The target population of the study was all the 250 employees in the Garissa county treasury department. The sample size was 70 employees in the Garissa county treasury department who was selected using stratified random sampling. Primary data was collected through the administration of the questionnaires. Results: The study found that that inventory recording have a positive and a significant effect on financial sustainability. The study also found that stock taking has a positive and a significant effect on financial sustainability. Also the study found that E-procurement had a positive and a significant effect on financial sustainability. Lastly, the study found that inventory management training has a positive and a significant effect on financial sustainability. Unique contribution to theory, practice and policy: The study recommends that the county governments adopting e-procurement ought to scale down on traditional procurement activities if the benefits of e-procurement are to be realized. Additionally, it is recommended that county governments should focus more on streamlining e-tendering, e-requisitioning and e-sourcing because a strong and significant relationship exists between those e-procurement processes and procurement performance in supermarkets.

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Lean Inventory Management Systems and Performance of Supermarkets in Nairobi County, Kenya

European Journal of Business Management and Research ◽

10.24018/ejbmr.2020.5.2.280 ◽

2020 ◽

Vol 5 (2) ◽

Author(s):

John Odoyo Achuora ◽

Arasa Robert

Keyword(s):

Inventory Management ◽

Management Practices ◽

Multiple Regression Model ◽

Management Systems ◽

Primary Data ◽

Just In Time ◽

Retail Sector ◽

Cultural Changes ◽

Cross Docking ◽

And Performance

Lean inventory management systems (LIMS) is postulated to have the capability of enhancing performance of firms through minimization of overheads associated with inventory management in firms where inventory forms a significant portion of operational costs. Therefore in this study LIMS(s); just-in-time, cross-docking, drop shipping and backordering were theorised to have an impact on the performance of supermarkets in Nairobi County, Kenya. The study used of a descriptive research design and surveyed 113 supermarkets randomly sampled from 158 supermarkets in Nairobi City County. A structured questionnaire was used as the primary data collection intrument. The questionnaire was administered through drop and pick later mode to the respective supply chain managers of the supermarkets. The instrument was piloted for validity, reliability and to identify potential gaps. Multiple regression model was applied to test the study hypothesised model and the statistical package for social science (version 21.0) facilitated the tests. The tests established a positive significant link between lean inventory management systems and performance of supermarkets. This implies that an increase in use of lean inventory management systems in the operations of supermarkets, increases their performance positively. The study further established that just in time system had the highest influence on supermarkets performance followed by backordering, drop picking and cross-docking respectively. The study concludes that lean inventory management systems such as just-in-time, cross-docking, drop shipping and backordering improve supermarket performance. The study recommends that retail supermarket owners/managers should implement an inventory policy in support of lean inventory management practices, define stock keeping units to better understand and forecast demand. Secondly, supermarket owners should make profound cultural changes to re-enforce a lean transformation and develop a performance culture focusing continuous improvement where staff are always actively discussing and implementing improvements through either formal or informal. Finally supermarket owners/managers need to close the gap by hiring a few people with lean expertise and experience from outside the retail sector to seed the transformation and build new internal capabilities in lean inventory management practices in managing their inventory.

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EFFECTS OF MICROFINANCE LENDING ON WORKING CAPITAL MANAGEMENT OF MICRO AND SMALL ENTERPRISES IN NAROK TOWN KENYA.

INTERNATIONAL JOURNAL OF MANAGEMENT & INFORMATION TECHNOLOGY ◽

10.24297/ijmit.v10i9.2016 ◽

2015 ◽

Vol 10 (9) ◽

pp. 2520-2526

Author(s):

Isaac Kering Cheruiyot ◽

Mary Bosire

Keyword(s):

Inventory Management ◽

Small Businesses ◽

Survey Design ◽

Sampling Technique ◽

Target Population ◽

Primary Data ◽

Cash Management ◽

Capital Management ◽

Working Capital ◽

Working Capital Management

This study sought to establish the effects of MFIâ€™s lending on working capital management of micro and small businesses in Narok Town. The objectives of the study were to establish the effects of Microfinance lending on cash management, inventory management, receivables management and payable management of MSEs. The study used descriptive survey design and the target population comprised of 240 MSEâ€™s. Purposive sampling technique was used to select a sample of 71 MSEâ€™s from the population. Primary data were gathered for the study using face to face interviews with an aid of structured questionnaire. Reliability coefficient 0.7 and above was accepted. Descriptive statistics which includes percentages, frequencies, means, standard deviation and inferential statistics namely; t-test, Pearson product moment correlation and regressions were used to analyze the data. Test of significance was tested at Î±=0.1. The Statistical Package for Social Science (SPSS) aided the data analysis. The study established that MFIâ€™s lending (cost of lending, loan period and loan size) positively affect working capital management (cash management, inventory management, receivables management and payable management) of MSEs in Narok Town.Â

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Project Management Practices and Performance of Organizations within the Water Sector in Kenya

International Journal of Business Management, Entrepreneurship and Innovation ◽

10.35942/jbmed.v2i3.136 ◽

2020 ◽

Vol 2 (3) ◽

pp. 74-86

Author(s):

Beatrice Wambui Muiruri ◽

Shadrack K Bett

Keyword(s):

Project Management ◽

Management Practices ◽

Stakeholder Involvement ◽

Target Population ◽

Project Planning ◽

Primary Data ◽

Water Sector ◽

Water Projects ◽

Company Limited ◽

And Performance

This project is on project management practices and performance of water projects of Othaya-Mukurweini Water Services Company Limited. The need to implement successful water projects calls for optimum practices. As a developing country, Kenya is faced with project management challenges. Whilst projects in general have their challenges regarding implementation and consequently success, water projects in particular are plagued by a unique set of problems and challenges. This knowledge will provide important information that can be integrated to project cycle before or towards completion by government, private and non-governmental organizations. Lessons drawn from this study will be utilized by the communities, implementing water projects to address the project performance challenges and plan the better ways of implementing the water projects. The objectives of this study included how planning, stakeholder involvement, monitoring & evaluation affect the performance of Othaya-Mukurweini Water and Sanitation Company Limited. Key theories put into perspective in this study were systems theory, stakeholder theory, agency theory and balance score card theory. The study adopted the descriptive research design to allow the researcher to study phenomena without manipulation of variables. The target population was the clientele and staff of OMWASCO. The findings of this study were generalized to all other water companies in Kenya. The target population was 351 comprising of customers and staff of OMWASCO.This study employed systematic sampling on the beneficiaries of the two projects, whereby 30% of customers and project staff on each project area were interviewed. Primary data was collected using questionnaires. In the course of primary data collection unwilling respondents were encountered especially with revealing information classified as confidential. They were however reassured of utmost confidentiality and relevant authorization documents attached to the questionnaires. Secondary data was obtained from relevant publications and literature review from libraries. Data was tabulated and analyzed for purpose of clarity, using SPSS software. The study concluded that project planning, stakeholders’ involvement and monitoring & evaluation have a positive and significant effect on the performance of water projects of Othaya-Mukurweini Water Services Company Ltd. The study recommends that the organizations within the water sector in Kenya should implement their project planning by first defining the steps involved in project planning so that they can determine what and processes where cost reduction can be done, what can be done to reduce costs. The study recommends that for organizations within the water sector in Kenya to achieve their objectives, they should align the annual goals to their major change initiatives or quality programs and integrate them into the stakeholder involvement. The study further recommends that organizations within the water sector in Kenya should identify monitoring & evaluation ways that can help enhance performance of organizations within the water sector in Kenya.

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The Impact of Shariah Governance and Corporate Governance on the Risk Management Practices: Evidence from Local and Foreign Islamic Banks in Malaysia

The Journal of Muamalat and Islamic Finance Research ◽

10.33102/jmifr.v15i2.174 ◽

2018 ◽

Vol 15 (2) ◽

pp. 1-20

Author(s):

Sabri Embi ◽

Zurina Shafii

Keyword(s):

Risk Management ◽

Corporate Governance ◽

Management Practices ◽

Principal Component ◽

T Test ◽

The Body ◽

Primary Data ◽

Islamic Banks ◽

Shariah Governance ◽

The Impact

The purpose of this study is to examine the impact of Shariah governance and corporate governance (CG) on the risk management practices (RMPs) of local Islamic banks and foreign Islamic banks operating in Malaysia. The Shariah governance comprises the Shariah review (SR) and Shariah audit (SA) variables. The study also evaluates the level of RMPs, CG, SR, and SA between these two type of banks. With the aid of SPSS version 20, the items for RMPs, CG, SR, and SA were subjected to principal component analysis (PCA). From the PCA, one component or factor was extracted each for the CG, SR, and RMPs while another two factors were extracted for the SA. Primary data was collected using a self-administered survey questionnaire. The questionnaire covers four aspects ; CG, SR, SA, and RMPs. The data received from the 300 usable questionnaires were subjected to correlation and regression analyses as well as an independent t-test. The result of correlation analysis shows that all the four variables have large positive correlations with each other indicating a strong and significant relationship between them. From the regression analysis undertaken, CG, SR, and SA together explained 52.3 percent of the RMPs and CG emerged as the most influential variable that impacts the RMPs. The independent t-test carried out shows that there were significant differences in the CG and SA between the local and foreign Islamic banks. However, there were no significant differences between the two types of the bank in relation to SR and RMPs. The study has contributed to the body of knowledge and is beneficial to academicians, industry players, regulators, and other stakeholders.

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