IMPACT OF STOCK MANAGEMENT ON THE PEFORMANCE OF MANUFACTURING COMPANIES (A STUDY OF PZ CUSSON PLC, ABA)
Abstract
This study focused on the Impact of Stock management on Organizational performance with special attention to Pz Cussons Plc, Aba. The objectives revealed the impact of inventory turnover ratio on sales, To ascertain the impact of order cycle time on productivity and evaluate the impact of sales ration on revenue maximization in Pz Cussons Plc Alba The research design employed was the survey research design. The population employed was a total population of 200 staff. The sample size of 133 was derived using the Taro-Yamane present and analyze the data collected while the chi-square statistical tool was used to test the hypotheses. The findings revealed that inventory turnover ratio has significant effect on sales turnover, Order cycle time has significant impact on organizational productivity. On the basis of the above findings the researcher recommended that manufacturing organizations should develop a policy framework to facilitate faster implementation of stock management. Organizations should train their inventory management personnel in order to enable them manage inventory activities or programs.
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