Research on the Impact of Inventory Management on Organizational Performance in Telecom Companies
Description
This research study examined the impact of inventory management on organizational performance in telecom companies. The study used a descriptive study design, and SPSS was used to conduct statistical analysis. In order to choose the samples, the researcher used both purposive and simple random sampling methods. Data for the study was collected from 130 respondents out of which 92 responded making the research valid. The relationships and hypothesis proposed in the conceptual framework were tested using multi-linear regression equation model. The research results indicate that higher levels of inventory management practice can lead to an enhanced competitive advantage and improved organizational performance. The study also accepted the hypothesis that was tested that inventory management and organizational performance have a significant positive relationship. Therefore, it is recommended that telecom companies in Uganda should adopt Vendor management inventory, maintain good communication with the suppliers as this helps to eventually transfer inventory management responsibilities from the company’s procurement function to the vendors thus revamping organizational performance and increasing their competitiveness. The research study also suggests that management should invest more money in the latest IT systems and utilize sophisticated technologies so as to minimize on network downtime and as well as cost reduction.
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The study used a descriptive study design, and SPSS was used to conduct statistical analysis. In order to choose the samples, the researcher used both purposive and simple random sampling methods. Data for the study was collected from 130 respondents out of which 92 responded making the research valid. The relationships and hypothesis proposed in the conceptual framework were tested using multi-linear regression equation model. The research results indicate that higher levels of inventory management practice can lead to an enhanced competitive advantage and improved organizational performance. The study also accepted the hypothesis that was tested that inventory management and organizational performance have a significant positive relationship.