Inventory management of non-perishable items and organizational efficiency

Inegbedion, H.E and Eze, Sunday C. and Abiola, O. D. and Lawal, A. I. Inventory management of non-perishable items and organizational efficiency. Inventory management of non-perishable items and organizational efficiency, 5 (3). pp. 756-763.

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Abstract

The study examined inventory management and organisational efficiency. The classical inventory management techniques were applied to a door sales company’s inventory system. The company had no scientific inventory management strategy but the EOQ, order cycle time and reorder level were computed for six of its doors using the average values of the data obtained for 2011-2017. The results show that the company can minimise its total inventory cost by consciously adopting an inventory management policy

Item Type: Article
Uncontrolled Keywords: Inventory control; Inventory management; Inventory cycle time; EOQ and reorder level
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Dr Henry Inegbedion
Date Deposited: 09 Jul 2021 04:08
Last Modified: 09 Jul 2021 04:08
URI: https://eprints.lmu.edu.ng/id/eprint/3292

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