INVENTORY MANAGEMENT TECHNIQUES OF SMALL AND MEDIUM SCALE ENTERPRISES IN ANAMBRA STATE

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INVENTORY MANAGEMENT TECHNIQUES OF SMALL AND MEDIUM SCALE ENTERPRISES IN ANAMBRA STATE

Abstract

This study sought to ascertain the extent at which inventory management techniques are utilized by Managers and Accountants of SMSEs in Anambra State. Two research questions guided the study and two null hypotheses were tested at 0.05 level of significance. A descriptive survey research design was adopted for the study. The population of the study consisted of 483 managers of small scale enterprises and 244 accountants of medium scale enterprise registered with the Anambra State Ministry of Commerce and Trade as at January 2020. No sample was taken, as the population size was manageable. A structured 20-items validated questionnaire was used for data collection. The questionnaire was validated by three experts, two experts in business education and one in measurement and evaluation form NnamdiAzikiwe University, Awka. The reliability of the instrument was ensured using pilot test, which was analysed using Cronbach Alpha and it yielded reliability co-efficient of 0.87.Data related to the research questions were analysed using mean and standard deviation while t-test was used to test the null hypotheses. The findings from the study revealed that Managers and Accountants of SMSEs in Anambra State utilize purchasing control inventory technique to a moderate extent, while economic order quantity technique was utilized to a lowly extent. The study also revealed that Managers and Accountants of SMSEs in Anambra significantly differ in their mean ratings on the extent of utilization of inventory management techniques. The study concluded that Managers and Accountants of SMSEs do not adequately utilized inventory management techniques and this resulted in stunted growth and sluggish development of SMSEs. It was recommended among others that Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) should conduct regular seminars and workshops for small and medium scale enterprises on inventory management techniques to ensure effective operation of the enterprise. Inventory, Management Techniques, Small and Medium Scale, Enterprises

TABLE CONTENTS

Title Page———i

Certification——–ii

Dedication———iii

Acknowledgement——-iv

Abstract ———vi

Table of Content——–vii

 

Chapter One

1.0 Introduction ——-1

1.1. Statement of Problem——4

1.2 Purpose of the Study——5

1.3 Significance of Study——8

1.4 Limitation——–9

1.5 Scope of Study——-11

 

Chapter Two

2.0 Review of Related Literature —-12

2.6. Summary of Literature Review—- 19

 

Chapter Three

3.0 Research Methodology and Procedure—22

3.1 Population ——–22

3.2 Sample and Sampling Technique—-22

3.3 Validation of the Instrument —-23

3.4 Reliability of the Instrument —–23

3.5 Data Analysis——-23

 

Chapter Four

4.0 Presentation and Discussion of Result—24

4.1 Analysis and interpretaion of Data—25

4.2 Discussion of Results——38

 

Chapter Five

5.0. Summary, Conclusion, and Recommendation –40

5.1 Summary——–40

5.2 Conclusion——–41

5.3 Recommendation——42

References ———45

Appendix 1——–47

Appendix ———50

INVENTORY MANAGEMENT TECHNIQUES OF SMALL AND MEDIUM SCALE ENTERPRISES IN ANAMBRA STATE

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