Vendor Inventory Management System and Sale Performance of Nigerian National Petroleum Corporation’s Retail Outlets in South-West, Nigeria

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dc.contributor.authorAdeoti, J.O
dc.contributor.authorGbadeyan, R.A
dc.contributor.authorBabatunde, B.O
dc.date.accessioned2018-06-20T11:57:34Z
dc.date.available2018-06-20T11:57:34Z
dc.date.issued2015
dc.descriptionAdeoti, J. O., Gbadeyan, R.A. and Babatunde, B.O. (2015): “Vendor Inventory Management System and Sale Performance of Nigerian National Petroleum Corporation’s Retail Outlets in South-West, Nigeria” (Forth Coming) Kisubi Brothers University College. Uganda. Issue 1, Volume 4, pp: 175 – 179.en_US
dc.description.abstractThe attendant costs of stock-out have made vendor inventory management a mechanism through which such costs could be prevented. This study examined the influence of vendor inventory management system on sale revenue of NNPC’s retail outlets as one of the chain distribution business in South-west Nigeria. Data were collected from NNPC’s statistical bulletin (stocks of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO, Dual Purpose Kerosene (DPK) as well as sale Revenue of the selected products) from (2005-2012). Descriptive method and Error Correlation Model of regression were used to analysis the data. The result revealed that the overall effect of the vendor management policies of the three products sold by the organisation has positive effect on the sales revenue of the organisation and the result is statistically significant (P = 0.000, < 0.05). From the findings, it was recommended that, organisations should embrace the Vendor Inventory Management (VIM) concepts to improve and achieve robust sale revenue in the present day chain distribution management business. Products should be replenished on continuous basis rather to be increasing the prices of the organisation’s products.en_US
dc.description.sponsorshipSelf Sponsoreden_US
dc.identifier.issn2225-5656
dc.identifier.urihttp://hdl.handle.net/123456789/660
dc.language.isoenen_US
dc.publisherKisubi Brothers University College. Uganda.en_US
dc.subjectVendoren_US
dc.subjectInventory Managementen_US
dc.subjectSales Revenueen_US
dc.subjectNNPCen_US
dc.titleVendor Inventory Management System and Sale Performance of Nigerian National Petroleum Corporation’s Retail Outlets in South-West, Nigeriaen_US
dc.typeArticleen_US

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