INVENTORY MANAGEMENT PRACTICES AND PERFORMANCE OF LOGISTIC COMPANIES IN SOUTH SUDAN. A CROSS-SECTIONAL CASE STUDY OF AGS WORLDWIDE MOVERS SOUTH SUDAN.
DOI:
https://doi.org/10.70572/agp.v2i4.48Keywords:
Inventory Management, Practices, and performance of logistic Companies, South SudanAbstract
Background
Historically, inventory management has often meant too much inventory and too little management, or too little inventory and too much management. The study aims to assess Inventory management practices and performance of logistics Companies in South Sudan.
Methodology
The study employed cross sectional survey research design as the overall strategy. The result obtained from the questionnaires and interviews involved editing, coding, tabulation and interpretation of the data using SPSS. Data collected was edited for completeness.
Results
65.8% of the respondents were male, 39.5% of people were single, 30 (39.5%) were in the age bracket of 21-30 years, 36 (47.4%) of the respondents were in the accounts department whereby they dealt with the verification and receipt of payments, 44 (57.9%) agreed that Material handling practices in the organization lead to reduction in wastes, 65(85.5%) agreed that Material handling practices in the organization lead to Decreased production cycle times. 51(67.1%) agreed that Material handling practices in the organization lead to System flexibility, 51(67.1%) agreed that Lead time management practices in the organization lead to a Reduction in inventories, Majority 62 (81.6%) agreed the organization efficient in using resources, All the respondents rated at 63 (83.9%) agreed that the organization is delivering orders quicker and 13 (17.1%) disagreed implying that the organization
Conclusion
Storage management practices had a significant positive influence on the performance of an organization (r=0.185). There is no significant relationship between material handling and performance of organizations”, and it was rejected (r = 0.038). There was no significant relationship (r=-0.163) between lead-time management practices and organizational performance.
Recommendations
AGS Worldwide movers should adopt a proactive attitude toward the issue of proper inventory management practices.
References
Amin Abdulaziz (2005). "Aligning supply chain strategies with product uncertainties", California Management Review, Vol. 44 No.3, pp.105-19.
David, F (2011) Materials Management Concept, Great Britain: McGraw Hills Education Ltd.
Hitt, P. (2011) Principles of warehousing design. (3rd edition) Chartered Institute of Logistics and Transport in UK.
Kuncoro, K. (2005), "Making customer profitability work", Firm Marketing, Vol. 33 No.July/August, pp.80-5.
Mugenda M. O. and Mugenda A. (2003), Research Methods: Qualitative and Quantitative Approaches, African Centre for Technology Studies, Nairobi, Kenya.
Tersine Dubelaar, (1982), "Relationships between inventory, sales, and service in a retail chain store operation", International Journal of Physical Distribution & Logistics Management, Vol. 31 No.2, pp.96-108.
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