Inventory management systems and profitability in business Organization (case study of Uganda Prisons Industries)
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Date
2006-08
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, School of Business and Management
Abstract
If prisons industries is to achieve its prime objective of profitability there is need to establish and maintain effective inventory management systems since most its investment lies in inventory in for of raw materials. Work in progress, finished goods and other form of supplies. Inventory should be controlled in order to minimize the cost of production and improve on consumer satisfaction.
The study aims at: Establishing the inventory management systems and evaluate the effectiveness.
To establish the profitability levels of the industries.
To establish the relationship between inventory management systems and profitability of prisons industries. The study has examined inventory management systems using a sample of 40 respondents using like it questionnaires and established the weakness in inventory management systems which is the cause of low profitability of prisons industries and realized the need for improvement.
Description
A research report submitted to the School of Business and Management in partial fulfillment of the requirements for the Award of a Bachelor's Degree in Supplies and Procurement Management of Kampala International University
Keywords
Inventory, management systems, profitability, business Organization