ASSESSMENT OF INVENTORY FOR GREATER PRODUCTIVITY AT NIGERIAN GAS COMPANY

ASSESSMENT OF INVENTORY FOR GREATER PRODUCTIVITY AT NIGERIAN GAS COMPANY
 
ABSTRACT
The study was designed to find out the effects of Inventory Management on Corporate Profit using the Nigerian Gas company as the case study. To achieve this objective, three Null Hypotheses and Alternative Hypotheses were formed to guide the study. All the staff of the Nigerian Gas Company Plc, Uyo constituted the population of the study. A sample of thirty staff was used for the research out of which twenty-five were completed and returned. Their responses to the questionnaires were presented on tables, analysed and interpreted and used in testing the validity of the Hypotheses formulated through the use of chi-square (X2) statistical test. The test rejected all the Null Hypotheses indicating that there is significant relationship between inventory management and productivity; that there is significant effect on the cost of assessment inventory on productivity and that inventory management techniques impact positively on firms’ productivity. Also, based on the findings, the following recommendations were made among others: that there should be regular training of staff responsible for inventory procurement and issuance, that adequate inventory of raw materials should be maintained to cushion periods of short supply and that effective inventory management techniques should be applied always.