Assessment of inventory management strategies and organizational outcomes in Phinorma Poultry Farm Nig. Ltd., Ngwo, Enugu
Keywords:
Inventory Management practices, Economic order quantity (EOQ) inventory practice, Just-in-time (JIT) inventory practiceAbstract
This study examined the impact of inventory management practices on organizational performance at Phinorma Poultry Farm Nig. Ltd., Ngwo, Enugu (Igwe Anyalogu Poultry Farm). The research specifically evaluated the effect of Economic Order Quantity (EOQ) practices on operational effectiveness and assessed how Just-in-Time (JIT) inventory practices influence cost effectiveness. A sample of 88 employees was selected from a population of 120 staff members. Mean scores and standard deviations were used to answer the research questions, while regression analysis tested the stated hypotheses. The results revealed that EOQ inventory practice significantly improves operational effectiveness (t = 5.887; p = 0.000 < 0.05), and JIT inventory practice has a significant positive effect on cost effectiveness (t = 6.446; p = 0.000 < 0.05). Based on these findings, the study recommends that management should closely monitor and optimize inventory systems to ensure production consistency and enhance organizational performance. Additionally, adequate storage space and timely inventory delivery should be ensured to prevent production disruptions and support operational efficiency.
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