Our Archives

Call 09159097300, or 09067754232 for any enquiries.

Project Topic:

THE EFFECT OF INVENTORY MANAGEMENT ON FINANCIAL PERFORMANCE OF QUOTED PHARMACEUTICAL COMPANIES IN NIGERIA

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Data Analysis,abstract, table of content, references ::   2,227 people found this useful

Project Body:

CHAPTER ONE

1.1  Background To The Study

 

The effective management of stock is essential for the smooth running of an organization. This is because without enough stock, health services rendered to patients may be obstructed as a result of lack and insufficient drugs .According to (chopra and mendi 2007) many organization stock constitute one of the largest single investment in assets and to some extent some organizations have maintained high level of stock to enhance the continuous availability of stocks for the employees. Stock is also referred to as inventory which is defined as comprising of .raw materials, work-in-progress, finished goods and supplies used for the production of an organizations goods and services Coyle et al (2003). Stocks also consist of the number of units and value of stock of goods held by the organization.  The holding of stock by organizations is to avoid the problem arising as a result of stock out. The Level of stock holding is determined by the organizations operational needs, availability of capital, cost of storage, the need for detailed records through the use of store records and the time required to obtain deliveries of stock. With each of this factors considered, stock level can be determined for each item of stock which should be recorded in the stock records and as a policy no stock item should be released without an approved materials requisition form.  On the operational level of business it is pertinent to institute policies on stock to address issues of uncertainty and variations. This is because the uncertainty and variability of the timing and content of information flow and goods flow leads to uncertain planning, which leads to  stock outs,  and delays and increased costs,. Gudum (2002). Consequently it is necessary for strategies to be applied at both the tactical and strategic levels of organizations which will stimulate their supply chain strategy to attain competitive strategy and excellence in order for this to be effective.. Financial performance is the determination of the firms effective utilization of its assets from its primary mode of business to generate revenues .It is the firm's overall financial health over a given period of time. Financial performance is expressed as revenue from operations, operating income or cash flow from operations and sales. Also the firm’s financial statement can be used to determine the margin growth rates or any declining debt. The research therefore seek to investigate the effect of inventory management on financial performance of quoted pharmaceutical companies in Nigeria

 

1.2 Statement of the Problem

Financial performance is the determination of the firms effective utilization of its assets from its primary mode of business to generate revenues .It is the firm's overall financial health over a given period of time. Financial performance is expressed as  revenue from operations, operating income or cash flow from operations and sales.  Keeping accurate records help firms reduce pilferages and theft as well as maintain ideal levels without distracting operations. Nyabwanga (2013) stated that both excessive and inadequate inventories are not desirable because excess inventories results in high stockholding costs and reduces the firm’s profitability while inadequate inventories disrupt firms operations (Atrill, 2006). According to Ashok (2013) the adequate and timely flow of inventory is imperative for the success and growth of any firm. Therefore the problem confronting the research is to appraise the effect of inventory management on financial performance of quoted pharmaceutical companies in Nigeria

 

1.2  Objectives of the Study

To determine the effect of inventory management on financial performance of quoted pharmaceutical companies in Nigeria

Financial performance is the determination of the firms effective utilization of its assets from its primary mode of business to generate revenues .It is the firm's overall financial health over a given period of time. Financial performance is expressed as revenue from operations, operating income or cash flow from operations and sales.  Keeping accurate records help firms reduce pilferages and theft as well as maintain ideal levels without distracting operations

 

 

1.3  Research Questions

What is the effect of inventory management on financial performance?

What is the effect of inventory management on financial performance of quoted pharmaceutical companies in Nigeria?

1.4  Significance of the Study

The study indicates the need for proper inventory management of the firm so as to facilitate in the attainment of financial objectives consequently it proffers an appraisal of The effect of inventory management on financial performance of quoted pharmaceutical companies in Nigeria

1.5  Research Hypothesis

Ho The effect of inventory management on financial performance of quoted pharmaceutical companies in Nigeria is negative

Hi The effect of inventory management on financial performance of quoted pharmaceutical companies in Nigeria is positive

1.6  Scope of the Study

The study focuses on the appraisal of the effect of inventory management on financial performance of quoted pharmaceutical companies in Nigeria

1.7  Limitations of the Study

The study was confronted with some constraints such as logistics and geographical factors.

1.8  Definition of Terms

 

Financial statements of firms include income statementsbalance sheetsstatements of retained earnings and cash flows.

Balance Sheet shows the record of the firm’s assets and liability for a given period of time.

Income Statement provides the gross profit margin, the cost of goods sold, operating profit margin and net profit margin.

 

Cash Flow Statement

The cash flow statement shows is the reconciliation between net income and cash flow. It also states the source and uses of cash flow from investment, financing, and operations.

Financial performance is the determination of the firm effective utilization of its assets from its primary mode of business to generate revenues .It is the firm's overall financial health over a given period of time.


Get The Complete Project »

Project Department:

MORE ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

Instantly Share this Project On Social Media:

CLOSELY RELATED ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

AN APPRAISAL OF THE IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF ACCESS BANK)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Secondary data, Data Analysis,Abstract  ::   14269 engagements

CHAPTER TWO REVIEW OF RELATED LITERATURE Electronic banking in Nigeria has overtime been viewed by many especially economists as having a lot of implications on the economy of Nigeria and especially...Continue reading »

A CRITICAL ANALYSIS OF THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 75 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   11786 engagements

ABSTRACT The study was carried out to analyse how an organization performs making use of the financial statements with First Bank of Nigeria Plc serving as the case study. the study disclosed that th...Continue reading »

AN EVALUATION OF THE PERFORMANCE OF NIGERIAN STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIA ( A CASE STUDY OF NIGERIAN STOCK EXCHANGE)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 78 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7208 engagements

HISTORICAL BACKGROUND OF THE NIGERIA STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIAN. The nigeria stock excahnge denoted by NSE is a government establishment where stocks are traded on a daill...Continue reading »

APPLICATION OF BUDGETS AND BUDGETARY CONTROL MEASURES IN A NON-PROFIT ORGANIZATION: A CASE STUDY OF APOSTOLIC CHURCH, DELTA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   8135 engagements

2.1 CONCEPTUAL FRAMEWORK A budget is can be defined by accountants as “a planned outcome to be generated and for the expenditure to ensure during that period and the capital to be employed to a...Continue reading »

ASSESSING BOOK-KEEPING PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN CALABAR LOCAL GOVERNMENT AREA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 69 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7375 engagements

ABSTRACT The economy of Nigeria cannot function properly or thrive without the micro, small and medium scale enterprises (SMEs). These small scale enterprises cannot function properly if they are not ...Continue reading »

ASSESSMENT OF ADEQUATE RISK RECOGNITION AND MANAGEMENT IN NIGERIAN INSURANCE COMPANIES (A CASE STUDY OF UNION ASSURANCE COMPANY, UYO)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 86 ::   Attributes: Questionnaire, Data Analysis  ::   6054 engagements

THE CONCEPT OF RISK Risk has been the subject of study by different scholars over the years with several meaning and definitions. But the most accepted definitions are that of J.E Banister and P.A Baw...Continue reading »

What are you looking for today?

TESTIMONIALS:

  • 1. Jayone from FPA said " I had a wonderful experience using UniProjectMaterials,though they did not deliver the material on time, but the content had good quality. I recommend UniProjectMaterials for any project research work.".
    Rating: Very Good
  • 2. Mugisha R from B.U, UGANDA said "Wow, this is great, your materials has helped me alot. Many blessings. I will inform my friends. Thanks. ".
    Rating: Very Good
  • 3. Nwachukwu Ruth Chinyerr from Michael okpara university of Agriculture,umudike said "I really appreciate this. Materials like this are good guides to writing a researchable project.".
    Rating: Good
  • 4. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 5. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 6. Mohammed A.B from Veterinary Laboratory, Zanzibar ,Tanzania said "You are doing good job to assists in research. God bless you.".
    Rating: Very Good

Paper Information

Format:ms word
Chapter:1-5
Pages:67
Attribute:Data Analysis,abstract, table of content, references
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives