THE IMPACT OF INVENTORY MANAGEMENT PRACTICES ON THE PERFORMANCE OF GHANAIAN TECHNICAL UNIVERSITIES: A QUANTITATIVE APPROACH

Qu Yaping, Adriana Obimpeh-Quayson, Patrick Boateng Sarpong

Abstract


This study investigated the effect of inventory management factors on technical universities. These factors were made up of accuracy, capacity, investment, shrinkage, performance and turnover. Data was collected by the use of likert scale questionnaire from 399 various units in the technical universities in Ghana. The SmartPLS was employed to analyze the data. The findings of the study showed the effect of inventory accuracy, capacity, investment, shrinkage and turnover on the performance. However, the inventory investment effect on capacity and inventory turnover on capacity affected the inventory management. Inventory shrinkage has the potential to burden the inventory system through both increased holding cost and ordering cost. This shows that the inventory manager should pay more attention to the cheap items in order to reduce loss associated with inventory cost.

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