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International Journal for Research Trends and Innovation
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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Impact Factor : 8.14
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| Paper Title: | EFFECT OF VENDOR MANAGED INVENTORY PRACTICE ON ORGANIZATIONAL PERFORMANCE OF SUGAR MANUFACTURING FIRMS IN KENYA |
| Authors Name: | Mikhago Emily , Dr. Atieno Margaret , Dr. Fozia Nurwin |
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IJRTI_189599
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| Published Paper Id: | IJRTI2405001 |
| Published In: | Volume 9 Issue 5, May-2024 |
| DOI: | |
| Abstract: | In today’s world of intense competition managing inventory efficiently has become an important operational weapon for products and service firms wishing to survive the competitive pressures. The main aim of this study was to analyze the effect of vendor managed inventory on organizational performance of sugar manufacturing firms in Kenya. The study was guided by lean manufacturing theory. This study was anchored correlational research design. The target population for this study was 144 respondents consisting of; procurement managers, stores managers, chief engineers, dry production managers, field supervisors, volume supervisors, finance managers, marketing managers and factory managers. The study used simple random sampling to select 108 respondents. Primary data was collected through the use of questionnaires while secondary data were collected from financial statements. Expert analysis and factor analysis were used to assess the construct validity of the questionnaire. Reliability of primary data was measured using Cronbach alpha. Descriptive statistic such as frequencies and percentages were generated. Inferential statistics consisted of multiple regression and Pearson correlation coefficient. Results were presented in form of tables’ charts and graphs. The results show that economic order quantity adoption had a positive and significant effect on organizational performance with a regression coefficient of 1.539. Vendor managed inventory causes 61.6% variation in organizational performance. The results will help managers of sugar firms to come up with regulations that enhance cost reductions and improve organizational efficiency. The study would also act as a source of reference material for future researchers on inventory management practices. The study concluded that vendor managed inventory, had positive and significant effect on financial performance. The study recommended that sugar firms should ensure they accurately predict vendor delivery dates this assists the firm in provision of insights into future trends, patterns, and behaviors associated with customer demand aids enterprises in making well-informed decisions regarding the procurement of goods and services. |
| Keywords: | VENDOR MANAGED INVENTORY PRACTICE, ORGANIZATIONAL PERFORMANCE, SUGAR MANUFACTURING FIRMS IN KENYA |
| Cite Article: | "EFFECT OF VENDOR MANAGED INVENTORY PRACTICE ON ORGANIZATIONAL PERFORMANCE OF SUGAR MANUFACTURING FIRMS IN KENYA", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.9, Issue 5, page no.1 - 12, May-2024, Available :http://www.ijrti.org/papers/IJRTI2405001.pdf |
| Downloads: | 000205165 |
| ISSN: |
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID: IJRTI2405001
Registration ID:189599
Published In: Volume 9 Issue 5, May-2024
DOI (Digital Object Identifier):
Page No: 1 - 12 Country: KAIMOSI, Naiorbi, Kenya Research Area: Commerce Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2405001 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2405001 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
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