Application of Inventory Management Techniques and Operational Performance of Small and Medium Scale Enterprises SMSES in Anambra State
INTERNATIONAL JOURNAL OF TREND IN SCIENTIFIC RESEARCH AND DEVELOPMENT, 7 (2):
793-800 (April 2023)Abstract
This study ascertained if effective application of inventory management techniques enhanced operational performance of SMSEs in Anambra State. The objective of the study was to establish the relationship between inventory management techniques an operational performance of Small and Medium Scale Enterprises in Anambra State. Two research questions guided the study and two null hypotheses was tested at 0.05 level of significance. The study used Resource Based Theory view to provide understanding on the variables. A descriptive survey research design was adopted for the study. The population of the study consisted of 483 Managers of Small and Medium Scale Enterprise registered with Anambra States Ministry of Commerce and Trade as at December 2021. A structured questionnaire was used for data collection. The questionnaire was validated by experts. Two research questions guided the study and two null hypotheses was tested at 0.05 level of significance. The study used Resource Based Theory view to provide understanding on the variables. From the correlation, a relationship R value of 0.963 with a coefficient of determination was obtained, showing a positive relationship. The regression analysis equally indicated that a unit increase in the application of the inventory management enhanced operational performance of SMSEs in Anambra State. Also, a relationship R value of 0.963 with a coefficient of determination was obtained, showing a positive relationship. The regression analysis equally indicated that a unit increase in the application of the inventory management techniques results to a positive increase in the operational performance indicators. echniques results to a positive increase in the operational performance indicators. The study therefore recommends among others, that SMSEs in Anambra State should incorporate the use of the techniques in their supply chain to avoid the spread of unnecessary cost from supply chain cost centers to other areas of the firm. Uchenu Chimezie Ada | Ofoegbu Meltus I. | Ezeanyim Ekene E. Äpplication of Inventory Management Techniques and Operational Performance of Small and Medium Scale Enterprises (SMSES) in Anambra State" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-2 , April 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd55176.pdf Paper URL: https://www.ijtsrd.com.com/management/business-economics/55176/application-of-inventory-management-techniques-and-operational-performance-of-small-and-medium-scale-enterprises-smses-in-anambra-state/uchenu-chimezie-ada