The Effects of Inventory Control on The Performance of Construction Companies in Uganda: A Case Study of Roko Construction Ltd
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Date
2019-06
Authors
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Journal ISSN
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Publisher
Kampala International University, College of Economics and Management.
Abstract
This study established the relationship between inventory control and its impact on the
performance of construction companies in Uganda, a case study of Roko Construction
Ltd. The specific Objectives were; to determine approaches to inventory control used by
Roko Construction Ltd, to find out the Inventory costs incurred in procurement process
in Roko Construction Ltd and to find out the relationship between approaches of
inventory control and financial performance of Roko Construction Ltd. A case study
design was adopted and data collected from a sample of 30 respondents picked from a
population. Self-administered questionnaires, interview guide and documentary review
guide were used in the study. Data was analysed using SPSS and findings were
presented in a tabular format showing frequencies and percentages. The findings
revealed that the From the study it was also concluded the Goods are not inspected on
receipt, staff members of Roko Construction Limited do not pay maximum attention to
those inventories whose value is highest, all store staffs of Roko Construction Limited
are not highly skilled, it experiences under stocks situations, and gets damaged goods
from its stored. The study recommended that Roko Construction Limited should forecast
market for its products so that it stocks enough inventories to avoid under stocks and
reduce on damaged inventory, fix the stock levels that is, maximum, minimum, and
reorder levels for all items in stock in order to avoid inadequate stocks or stock outs
suffered by the company, minimize on its inventory expenses by using skilled labour
and also increase on its sales by widening on market for its products, identify the order
quantity that minimizes total cost of stock holding, stock ordering and purchase costs in
order to maximize profits, put into consideration inventory management when planning
for better profits in the coming years and should also minimize the cost of production as
lowest as possible.
Description
A Research Report Submitted to College of Economics and Management in Partial Fulfillment of The Requirements for The Award of Bachelor of Supplies and Procurement of Kampala International University
Keywords
Inventory Control, Performance