Browsing by Author "SALMAN Abdulrasaq"

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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.