Inventory management techniques and organization performance; a case study of nice house of plastics:
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Date
2019-10
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Publisher
Kampala International University, College of Economics and Management.
Abstract
The topic titled inventory management techniques and organization performance, a case study
of nice house of plastics was done under the objectives including; to find out the relationship
between vendor management practices and performance ofNice House ofPlastics, to find out
the relationship between Just in time and performance of Nice House of Plastics and to find
out the relationship between Material Requirement Planning and performance of Nice House
of Plastics. The researcher used a descriptive correlational survey research design where by
both quantitative and qualitative approaches in data collection were used. The researcher used
Slovene’s Formula to come up with appropriate sample size to be used in the study and sample
size of 50 respondents was selected to participate in the study. The researcher used the
questionnaire which helped her in collecting data. The researcher’s findings were that since
the value labeled Sig. which is the p-value ofthe Pearson Correlation is less than .05 which is
the alpha level associated with a 95% confidence level; there is a significant relationship
between technical capabilities and project management at Nice House of Plastics, Industrial
Area thus an effect between the variables which are vendor management practices and
performance. The variables are not independent of each other and that there is a statistical
relationship between the categorical variable thus vendor management practices have effect
on the performance ofNice House of Plastics, Industrial Area (r = .814*, p<.Ol). The finding
again showed the value labeled Sig. which is the p-value of the Pearson Correlation is less
than .05 which is the alpha level associated with a 95% confidence level demonstrating that
there is a significant relationship between Just in time and performance of Nice House of
Plastics thus an effect between the variables which are Just in time and performance ofNice
House of Plastics (r = .941*, p<.Ol). The also showed that the PLCC (r) 0.3 11 value exceeds
the critical PLCC (r) value of 0.087. Thus at 0.05 significance level, ifthere was an alternative
hypothesis, it would be accepted while the null hypotheses rejected thi~is a significant
relationship between the variables. The researcher’s conclusion was that vendor management
practices has effect on the performance of Nice House of Plastics, Industrial Area (r = .814*,
p<.Ol), the variables are not independent of each other and that there is a statistical relationship
between the categorical variables. The results show that Just in time has effect on the and
performance of Nice House of Plastics (r = .941*, p<.Ol) and that that without Material
Requirement Planning, performance ofNice House of Plastics would not be effective at Nice
House of Plastics thus a significant. The researcher’s recommendations were that inventory
managers of manufacturing firms in Uganda should focus on improving firm size and growth
levels. As growth is negatively related to firm performance variables such as profitability and
operating cash flow, this will enable firms to stand the test of time and be able to withstand
mitigating circumstances that may impair growth and associated economies of scale and the
government should provide incentives for research and development to research scientists
who would continue to invest their time and skills in discovering more plastic innovations. It
is recommended that the government also pursues a strategy to provide incentives for plastic
ideas from more developed economies in order to promote the adoption of world class
production.
Description
a research report submitted to the college of economics and management in partial fulfillment of the requirements for the award of bachelor’s degree of business administration of Kampala international university.
Keywords
Inventory, management techniques, organization performance