Open AccessINVENTORY CONTROLS AND FINANCIAL PERFORMANCE OF GARISSA COUNTY GOVERNMENT, KENYA
Author(s) -
Mohamed Nur,
Dr Jeremiah Koori
Publication year - 2017
Publication title -
international journal of finance and accounting
Language(s) - English
Resource type - Journals
ISSN - 2518-4113
DOI - 10.47604/ijfa.538
Subject(s) - treasury , procurement , business , stratified sampling , sustainability , finance , accounting , marketing , political science , medicine , ecology , law , pathology , biology
Purpose: The purpose of the study was to examine inventory controls and financial performance of Garissa county government, Kenya.
Methodology: The study adopted a descriptive research design. The target population of the study was all the 250 employees in the Garissa county treasury department. The sample size was 70 employees in the Garissa county treasury department who was selected using stratified random sampling. Primary data was collected through the administration of the questionnaires.
Results: The study found that that inventory recording have a positive and a significant effect on financial sustainability. The study also found that stock taking has a positive and a significant effect on financial sustainability. Also the study found that E-procurement had a positive and a significant effect on financial sustainability. Lastly, the study found that inventory management training has a positive and a significant effect on financial sustainability.
Unique contribution to theory, practice and policy: The study recommends that the county governments adopting e-procurement ought to scale down on traditional procurement activities if the benefits of e-procurement are to be realized. Additionally, it is recommended that county governments should focus more on streamlining e-tendering, e-requisitioning and e-sourcing because a strong and significant relationship exists between those e-procurement processes and procurement performance in supermarkets.