Inventory Control and Organisational Performance: A case study in Romis (U) Limited.

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Date
2017-05
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Publisher
Kampala International University, College of Economics and Management Sciences .
Abstract
This study was based on Inventory Control and Organisational performance, Case study of Rornis (U) Limited. It focused on critically to analyze the relationship between inventory control and organizational performance in Romis (u) Limited, with the following objectives. (i) To establish the techniques of inventory control that are used by Romis (u) Limited. (ii) To find out the challenges that inventory control has on the performance of Romis (u) Limited. (iii) To establish the relationship between inventory control and performance of Romis (u) Limited. The researcher used both a descriptive cross sectional survey design which included both qualitative and quantitative method of data collection, the quantitative method was used to collect numerical data in form of numbers representing particular facts or measurements which helped the researcher to obtain information from respondents in depth. Findings in the study revealed that setting up of various stock levels can lead to greater performance of an organization by avoiding over stocking of materials to be kept in a store thereby achieving efficiently and effectively. And from the findings of the study and conclusions drawn, there is a strong relationship between inventory control and organizational performance this is because effective inventory control can increase on organizational performance by reducing wastes, reducing costs hence improving on the profitability of the company. And the recommendations revealed that on the findings, the following areas need improvement with inventory control for better performance of the organizational duties. The management of Romis should focus on the level of knowing the company’s stock as a way of avoiding costs and wastes to an organization. There is need for more training of workers in order to improve their work and service delivery, reduce stress as well as amplitude to organizational performance.
Description
A research report submitted to the College of Economics and Management as a Partial Fulfillment for the Requirement of an Award of a Bachelors Degree in Supplies and Procurement Management of Kampala International University.
Keywords
Inventory Control, Organisational, Performance, Romis (U) Limited
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