Views: 160 , Downloads: 139 | CTR: 87 % | Weekly Popularity: ⮙3
Research Paper | Statistics | Nigeria | Volume 6 Issue 1, January 2017
Inventory Control Effect on Profitability of a Business Organization
Orumie Ukamaka Cynthia
A survey on the effect of inventory control on profitability of a business organization was carried out on DUFIL Prima Foods Limited at Choba, Port Harcourt. Questionnaires were used to obtain the views of the workers on whether the profitability of a business organization depends on inventory control or not. In order to get the frequency and percentage of the responses, descriptive statistics were used, whereas the Chi-square test was used to test the hypothesis using Statistical Package for Social Sciences (SPSS) version 16. The graph showed that the age of staff within the range of 26-35 years recorded the highest number of respondents with majority of men who are married. Also they are mostly B.SC/HND holders with at least five years of experience. The Chi square results showed that inventory control affects the profit position of the company significantly. Also, result revealed dicates that inventory control determines when goods that have been exhausted from the store so that replacement can be made and that inventory control system of any organization will eventually affect the success of that organization.
Keywords: Survey, Business organization, Chi-square, Test of hypothesis
Edition: Volume 6 Issue 1, January 2017
Pages: 1249 - 1255
How to Cite this Article?
Orumie Ukamaka Cynthia, "Inventory Control Effect on Profitability of a Business Organization", International Journal of Science and Research (IJSR), https://www.ijsr.net/search_index_results_paperid.php?id=ART20162866, Volume 6 Issue 1, January 2017, 1249 - 1255
160 PDF Views | 139 PDF Downloads
Similar Articles with Keyword 'Survey'
Logistic Regression with Correction for HIV Self Reporting
Dorothy Nyakerario Riang'a; Samuel Musili Mwalili; Humphreys Murray
Modeling Factors Influencing Employment in Informal Sector Participation in Rwanda (2017) Using Logistic Regression Approach
Pacifique UWAMAHORO; Joseph K. Mung'atu
Modelling Factors Influencing the Choice of Delivery Place at Birth among Pregnant Women in Rwanda Using Multinomial Logistic Method
Martine UWIDUHAYE; Dr. Joseph K. Mung'atu
Covariates of Women Reproductive Span in Manipur: A Life Table Approach
Dr. H. Brojeshwor Singh, Dr. N. Sharat Singh
Survey Report on Use of Smartphone among the College Students
Mahendra M. Alate, Dhirajkumar A. Mane, S. V. Kakade, Sagar.S Tawade
Similar Articles with Keyword 'Chi-square'
Modelling Internally Displaced Persons (IDPs) Time to Resuming their Ancestral Homes after IDPs Camps in Northern Uganda Using Parametric Methods
Joseph Okello Omwonylee, Abdou K. A. Diongue, Leo Odiwuor Odongo
Analysis of Socio - Economic Status of Women Entrepreneurs in Bagalakote District of Karnataka State - A Case Study
Dr. V S Kulkarni, Srinivas A T
Challenges of Learning Mathematics by Distance a Case Study of Public and Private Universities in Zambia
Urban Nchimunya Haankuku
Correlation Coefficient between Two types of Children in a Family
Talawar A. S., Sarvade R. M.
Modelling the US Diabetes Mortality Rates via Generalized Linear Model with the Tweedie Distribution
Oznur Ozaltin, Neslihan Iyit