Inventory Control and Organisational Performance: A Case Study in Romis (U) Limited

TABLES OF CONTENTS

Contents

DECLARATION

APPROVAL

ACKNOLEDGEMENT

TABLES OF CONTENTS

LIST OF TABLES ix

LIST OF FIGURES

ABSTRACT

CHAPTER ONE 1

INTRODUCTION 1

1.0 Introduction

1.1 Background of the study

1 .2 Statement of the problem; 2

1.3 Purpose of the study 2

1.4 Objectives of the study; 2

1.4.1 General objectives of the study 3

1.4.2 Specific objectives of the study; 3

1.5 Research questions; 3

1.6 Scope of the study; 3

1 .6.1 Geographical scope 3

1.6.2 Conceptual scope 3

1.6.3 Time scope 3

1.7 Significance of the study 4

1 .8 Conceptual framework; 4

V

CHAPTER TWO .6

LITERATURE REVIEW 6

2.0 Introduction 6

2.2 Methods of inventory control; 6

2.3 Challenges that inventory control has on the performance of an organization 9

2.4 Relationship between inventory control and performance of Romi’s 10

2.5 Relevancy of inventory control to an organization 10

2.6 Strategies used for Inventory control 11

2.7 Steps followed in establishing inventory control system by John A. Shubin 12

CHAPTER THREE 14

METHODOLOGY

3.0 Introduction 14

3.1 Research design 14

3.2 Area of the study 14

3.3 Study population 15

3.4 Sample size 15

3.5 Data collection methods 16

3.5.1 Questionnaires 16

3.5.2 Interviews 16

3.6 Data analysis 16

3.7 Anticipated problem; 17

CHAPTER FOUR 18

DATA PRESENTATION AND DISCUSSION 18

4.0 Introduction 18

4.1 Background information of the respondents 18

vi

4.1.1 Gender composition of the respoi~dents ~ 18

4.1.2: Age composition of the respondents 19

4.1.3 Education level of the respondents 21

4.1.4: Marital status of the respondents 22

4.1.5 Longevity of service 24

4.2 Techniques for inventory control 25

4.2.1 Setting up various stock levels 27

4.2.2 Maintaining perpetual inventory system 27

4.2.3 Establishing proper purchasing procedures 27

4.2.4 Inventory turnover ratios 28

4.2.5 ABC analysis 28

4.3 Challenges that inventory control has on organizational performance 28

4.3.2 Inefficient processes 30

4.3.3 Customer demand 30

CHAPTER FIVE 31

SUMMARY OF THE FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS 31

5.0 Introduction 31

5.1 Summary of the findings 31

5.1,1 Techniques of inventory control in Rornis 31

5.1 .2 Challenges that inventory control has on organizational performance 31

5.1 .3 Relationship between inventory control and organizational performance 32

5.2 Conclusion 32

5.3 Recommendations 32