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Inventory management decisions are an integral aspect of organisations. Inventory postponement as argued by Bucklin (1965) is where a firm deliberately delays the purchase and the physical possession of inventory items until demand or usage requirements are known with certainty. This is an effective supply chain strategy adopted by most manufacturing organisations by reducing the inventory, and in turn reducing the cost of obsolete stock. This study explores the relationship between inventory management and control and performance and Food and Beverages companies in Nigeria. Secondary data were obtained from annual financial reports and accounts of Food and Beverages companies listed on the Nigerian Stock Exchange. The data obtained were analyzed using simple and multiple regression models. The results show that there significant relationship between inventory management and control and the performance of Food and Beverages companies in Nigeria. The multiple regression correlation coefficient (R) =0.996, R2=0.990 and p- value =0;00<0.05 The results also show the relative importance of the inventory management decisions made by the organisation, and the implications these decisions have on the consumer. The findings show that the three key qualities that are essential in inventory management decisions for manufacturing organisation from the perspective of the third party logistics provider are customer satisfaction, on time delivery and order fulfillment.

Inventory Management System and Performance of Food and Beverages Companies in Nigeria