Inventory Management Practices and Performance of Manufacturing Firms in Kogi State

Abstract

Manufacturing sub-sector play a significant role to the socio-economic development of Nigeria. However, its effectiveness largely depends on materials handling mechanism. This study on inventory management practices and performance of manufacturing firms in Kogi State is written to examine the extent in which management of inventory influences performance of inventory in Kogi State. The study which is qualitative adopts content analysis. The research concludes that inventory management practices influences the performance of manufacturing firms in Kogi State. The study therefore recommends that a computerized inventory management system be instituted and retain while training of staff at the relevant units be carryout periodically to enable them cope with the dynamics associated with material management.