%0 Journal Article %1 okolocha2023extent %A Okolocha, C.C. %A Obidi, Udegbunam Emmanuel %D 2023 %J International Journal of Recent Innovations in Academic Research %K Enterprises Managers construction %N 10 %P 1-9 %R https://doi.org/10.5281/zenodo.8416934 %T Extent Managers Applied Inventory Control Approaches for Improving Operations of Small and Medium Scale Enterprises in South-East Nigeria %U https://www.ijriar.com/docs/2023/2023-oct/IJRIAR-01.pdf %V 7 %X This study ascertained the extent managers applied inventory control approaches for improving operations of small and medium scale enterprises in South-East Nigeria. Two research questions guided the study and two null hypotheses were tested. Descriptive survey research design was adopted for the study. The population comprised 4745 registered SMEs managers from services, construction and manufacturing businesses operating within South-East Nigeria. Sample size of 1424 registered SMEs managers were used, through proportionate stratified random sampling technique. The instrument for data collection was a 22-item structured questionnaire. The instrument was validated by three experts. Cronbach Alpha was used to determine the reliability co-efficient values of 0.91 and 0.90 for clusters B1 and B2 respectively, with an overall co-efficient value of 0.91. Mean and standard deviation were used to answer the research questions, while Analysis of Variance (ANOVA) was used to test the null hypotheses at 0.05 alpha levels. The findings of the study revealed that managers of SMEs in South-East, Nigeria lowly applied economic order quantity (EOQ) and activity-based costing (ABC) inventory approaches to improve their business operations. Years of business experience of managers of SMEs significantly influence their mean ratings on the extent they applied economic order quantity and activity-based costing inventory approaches for improving operations in South-East Nigeria. The study concluded that the inventory control approaches used in this study have been lowly applied by managers for improving operations of small and medium scale enterprises in South-East Nigeria. It was recommended among others that managers of small and medium scale enterprises should establish various inventory levels which will help in avoiding over or under-stockings in their business outfits.

@article{okolocha2023extent, abstract = {This study ascertained the extent managers applied inventory control approaches for improving operations of small and medium scale enterprises in South-East Nigeria. Two research questions guided the study and two null hypotheses were tested. Descriptive survey research design was adopted for the study. The population comprised 4745 registered SMEs managers from services, construction and manufacturing businesses operating within South-East Nigeria. Sample size of 1424 registered SMEs managers were used, through proportionate stratified random sampling technique. The instrument for data collection was a 22-item structured questionnaire. The instrument was validated by three experts. Cronbach Alpha was used to determine the reliability co-efficient values of 0.91 and 0.90 for clusters B1 and B2 respectively, with an overall co-efficient value of 0.91. Mean and standard deviation were used to answer the research questions, while Analysis of Variance (ANOVA) was used to test the null hypotheses at 0.05 alpha levels. The findings of the study revealed that managers of SMEs in South-East, Nigeria lowly applied economic order quantity (EOQ) and activity-based costing (ABC) inventory approaches to improve their business operations. Years of business experience of managers of SMEs significantly influence their mean ratings on the extent they applied economic order quantity and activity-based costing inventory approaches for improving operations in South-East Nigeria. The study concluded that the inventory control approaches used in this study have been lowly applied by managers for improving operations of small and medium scale enterprises in South-East Nigeria. It was recommended among others that managers of small and medium scale enterprises should establish various inventory levels which will help in avoiding over or under-stockings in their business outfits. }, added-at = {2023-10-26T06:08:15.000+0200}, author = {Okolocha, C.C. and Obidi, Udegbunam Emmanuel}, biburl = {https://www.bibsonomy.org/bibtex/2c57ed94efb753caab5fc70bfcf59c55f/ijriar_journal}, doi = {https://doi.org/10.5281/zenodo.8416934}, interhash = {532af2eb8c7697580510b34cd708ce0a}, intrahash = {c57ed94efb753caab5fc70bfcf59c55f}, issn = {E-ISSN: 2635-3040 & P-ISSN: 2659-1561}, journal = {International Journal of Recent Innovations in Academic Research }, keywords = {Enterprises Managers construction}, language = {English}, month = {October}, number = 10, pages = {1-9}, timestamp = {2024-02-06T09:35:00.000+0100}, title = {Extent Managers Applied Inventory Control Approaches for Improving Operations of Small and Medium Scale Enterprises in South-East Nigeria}, url = {https://www.ijriar.com/docs/2023/2023-oct/IJRIAR-01.pdf}, volume = 7, year = 2023 }