Browsing by Author "OLAWALE, Yinusa Alabi"

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    Effect Of Automated Inventory Management System on Productivity In Selected Consumable Goods Manufacturing Firms In Ilorin, Kwara State.
    (College of Social and Management Sciences, Joseph Ayo Babalola University, 2021) SALMAN Abdulrasaq; OLAWALE, Yinusa Alabi; AKINROLUYO, Isaac Bankole
    In today's highly competitive business environment, organizations from all industries are striving to achieve effectiveness, cost efficiencies and economies of scale. Most of these organizations hold inventory so as to meet their customers' needs. However, managing these inventories in order to achieve their objectives has posed a great challenge to the firms. This study was to examine the effect of automated inventory management system on productivity in selected consumable goods manufacturing firms. Survey research design was adopted for the study. The study population comprises of 600 out of which sample of 240 was selected and copies of questionnaire were administered to the respondents to obtain the necessary primary data. Multiple regression was used in testing the formulated hypothesis. The result of the analysis revealed that automated inventory system has significant influence on organizational productivity (R² = 0.721 and p-value less than 0.05) The study concluded that there was a significant effect of automated inventory system on organizational productivity. Therefore, the study recommended that firms The organization should embrace efficient inventory management practices that could ensure optimal investment in inventories as strategy for gaining competitive advantage over competitors and that organizations should also adopt more modern sophisticated techniques such as the Just-In-Time systems, Economic Order Quantity model, and so on in their operations to ensure control of inventory so as to obtain cost efficiency and effectiveness.
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    Impact of Strategic Planning on Organisational Performance (A Study of GTBank Plc).
    (College of Social and Management Sciences, Joseph Ayo Babalola University., 2020) OLAWALE, Yinusa Alabi; SALMAN, Abdulrasaq; AKINROLUYO, Isaac Bankole
    In view of the many challenges that business organizations are exposed to, it is imperative for them, both profit and nonprofit organizations, to anticipate challenges, identify their strengths to meet anticipated challenges and take control of available opportunities to obtain maximum productivity. Unfortunately, in most organizations, strategic plans are not carried out and implemented properly. Therefore, this study examined the impact of strategic planning on organizational performance using a study of selected GT Bank branches in Ilorin, Kwara State, Nigeria. The study employed survey design. The population consisted of ninety-seven (97) employees of GT Bank. A sample size of seventy-eight (78) respondents was used in this study, which was determined using Taro Yamane formula. The specific objectives of the study were (1) to examine the relationship between setting objectives and profitability, (2) to determine the role of vision and mission statements on market size of GT Bank PLC. To examine the effect of strategy evaluation on efficiency of GT Bank PLC. Descriptive statistics comprising the simple percentage and tables for a detailed presentation were used. The correlation and regression analysis were adopted for this study. The findings reveal that; There is a significant relationship between setting objectives and profitability. The result shows that the calculated significance value of 0.000 is less than the chosen value of 0.05 significance level. Strategy evaluation has a significant effect on the bank's efficiency, with strategy evaluation having β = 0.815 and p - value = 0.000, which implies that an increase in strategy evaluation will result to 81.5% increase in organization's efficiency. The study therefore concludes that strategy planning has impact on organization performance. The study recommends that organization should be specific about their objectives, ensure its appropriate formulation and communication to staff at all level of the organization. Objective should be set prior to its accomplishment so as to embrace realistic performance measurement.