Inventory management and business performance. a case study of coca- cola limited Mbarara branch
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Date
2017-07
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Kampala International University, College of Economics and Management
Abstract
This study was based on the role of inventory management and performance of private organizations in Uganda while considering Coca Cola plant- Mbarara. The study was guided by three objectives; (i) to find out the strategies used in inventory management at Coca- Cola Mbarara branch, (ii) to assess the degree of business performance at Coca- Cola Company Mbarara branch and (iii) to find out the relationship between inventory management and performance of Coca- Cola Mbarara Branch. 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. The study made the following findings the common strategy of inventory management used at Coca- Cola Mbarara branch include; integrated system (System Application and products) responsible for management information system which helps to make serious decisions on inventory, inventory requirement points, and over stock brands for the fast moving products, recording of all the purchased and issued inventories to the production department of the Company, issue of inventories from the store that were previously purchased to the production department and arrangement of some company inventories according to the order of their importance, the respondents both "Strongly Disagree and Undecided" indicated inventory management having a negative relationship on the performance of Coca-Cola Company Mbarara branch. The study concluded that the common materials handling techniques used at Coca- Cola Company Mbarara branch include; integrated system (System Application and products) responsible for management information system, inventory requirement points, and over stock brands for the fast moving products, recording, issue of inventories from the store that were previously purchased to the production department and arrangement of some company inventories according to the order of their importance. The study recommended management in manufacturing companies to always forward planning, centralize the purchase and store function. carry out stock taking exercise periodically, top management in most organizations to emphasis on the proper inventory management techniques and measuring of efficiency deviations to identify weaknesses in the process of managing inventories, managers in organizations to undertake forward production planning.
Description
A research report submitted to the College of Economics and Management in partial fulfillment of the requirements for the award of Bachelors Degree in Business Administration (Banking and Finance) of Kampala International University
Keywords
Inventory management, business performance, Coca cola, Mbarara branch