Open AccessEFFECT OF MATERIAL MANAGEMENT ON THE PERFORMANCE OF BENUE BREWERY INDUSTRY, NIGERIA
Author(s) -
Adamu Garba
Publication year - 2020
Publication title -
international journal of research - granthaalayah
Language(s) - English
Resource type - Journals
eISSN - 2394-3629
pISSN - 2350-0530
DOI - 10.29121/granthaalayah.v8.i2.2020.213
Subject(s) - descriptive statistics , regression analysis , operations management , valuation (finance) , business , sample (material) , population , simple linear regression , statistics , marketing , engineering , mathematics , accounting , sociology , demography , chemistry , chromatography
This research work examined the effect of material management on the performance of Benue Brewery Industry, Nigeria using survey research design with a population of 242 respondents and a sample of 151. Data was collected using questionnaire and analyzed using descriptive statistics such as frequency, simple percentage and the relationship between the variables of the model was tested using multiple regression analysis. The result of the regression analysis shows that inventory control system and stock valuation have a positive and significant (p<0.05) effect on organizational performance. Lead time was negatively signed but the effect is statistically significant (p<0.05). The researcher concludes that when properly carried out planned material management can bring about efficiency at workplace. The researcher recommends that, management of the Nigerian Brewery should bring an improvement in the lead time as it is will bring about acquiring and delivering the needed materials within the shortest time possible.