Just-In-Time Inventory Management Practice and Performance of Selected Polytechnics in Southwest, Nigeria: Implications for Sustainable Stock Efficiency
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Published:
Jun 28, 2024
Keywords:
Just-in-Time, Inventory, Employees’ Performance, Inventory management
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Abstract
This study examined Just-in-Time (JIT) inventory management practice and performance of selected polytechnics in Southwest Nigeria, and the implications for sustaining stock efficiency. The study used descriptive survey research design and a total of one thousand and thirty-six (1,036) store employees from federal, state and private polytechnics in the Southwest, Nigeria. A sample size of five hundred and forty-four (544) determined through multi-stage and stratified sampling technique was used for data analysis. Primary data were obtained through questionnaire while linear regression was employed to determine the effects and statistical significance of the relationships between the study variables. The Statistical Package for Social Sciences (SPSS) version 24.0 was applied to process the data and the hypothesis was tested at p-value of = 0.05 level of significance while descriptive statistical analysis was used to identify frequencies and percentages. The findings of the study showed that JIT inventory management practice cannot be underestimated in determining performance of polytechnics in Southwest Nigeria. The study recommended that management of polytechnics in Southwest Nigeria should develop a policy framework to facilitate faster implementation of the best inventory management practices such as JIT as it has proven to have significant positive effect on employees’ performance.
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Gbadamosi, Olaniyi Mufutau, Peter O. Alase, and Segun B. Ilugbusi. 2024. “Just-In-Time Inventory Management Practice and Performance of Selected Polytechnics in Southwest, Nigeria: Implications for Sustainable Stock Efficiency”. ABUAD Journal of Social and Management Sciences 5 (1), 187-208. https://doi.org/10.53982/ajsms.2024.0501.10-j.
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References
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https://doi.org/10.1016/j.ijpe.2015.08.006
https://doi.org/10.1108/01443571111119524
Adeyemi S.C. & Salami A.O. (2020). Inventory management: A tool of optimizing resources in a manufacturing industry. Journal of Social Science, 23 (2), 135-142.
https://doi.org/10.1080/09718923.2010.11892822
Agus, A & Noor, Z.M (2006/2020). Supply chain management and performance. An Empirical Study. A working paper University of Malaysia.
Akinjide, B. H. (2021). Effect of Inventory management practices on operational performance of flour milling companies in Nigeria, International Academy Journal of Management, Marketing and Entrepreneurial Studies, 8(2), 137-174.
Al Mehrzi, N.& Singh, S.K. (2022). Competing through employee engagement: A proposed framework. International Journal of Productivity and Performance Management, 65(6), 831-843.
https://doi.org/10.1108/IJPPM-02-2016-0037
Atnafu, D & Balda, A. (2018). The impact of inventory management practices on firms' competitiveness and organizational performance: Empirical evidence from micro and small enterprises in Ethiopia, Cogent Business & Management, 4, 1-16.
https://doi.org/10.1080/23311975.2018.1503219
Bataineh, K. A. (2017). The impact of electronic management on the employees' performance. Journal of Management and Strategy, 8(5), 86-100.
https://doi.org/10.5430/jms.v8n5p86
Bicheno, K. O. (2022). The impact of inventory management practice on firms' competitiveness and organizational performance: Empirical evidence from micro and small enterprises in Ethiopia, Cogent Business & Management, 5(1) 1.-16.
Brigham, h. I & Gapenski, G. (2018). Effect of inventory management on organizational effectiveness. Information and Knowledge Management, 3(8), 92-117.
Farzaneh I.A. (2022). Inventory management and organizational performance of selected small and medium enterprises in Nigeria, International Journal of Economics, Commerce and Management, 8(11), 45-67.
Gołaś Z. (2020). The effect of inventory management on profitability: evidence from the Polish food industry in Europe: Case study. Agric. Econ. - Czech, 66: 234-242.
https://doi.org/10.17221/370/2019-AGRICECON
Goldratt, R. W. (2022). Inventory Management practices and organizational productivity in Parastatals in Kenya, Master's Thesis University of Nairobi, Kenya.
Islami, Mulolli, & Mustafa (2018). Using management by objectives as a performance appraisal tool for employee satisfaction. Future Business Journal, 4(1), 94-108.
https://doi.org/10.1016/j.fbj.2018.01.001
Karakas, F. (2020). Spirituality and performance in organizations: A literature review. Journal of Business Ethics, 94(1), 89-106.
https://doi.org/10.1007/s10551-009-0251-5
Khan, D. K., & Mashiki, T. (2017). The effect of high performance work system strength on organizational effectiveness. Review of International Business and Strategy, 30(1), 77-95. https://doi.org/10.1108/ribs-06-2019-0085
https://doi.org/10.1108/RIBS-06-2019-0085
Kwadwo, B. P (2022). The impact of efficient inventory management on profitability: evidence from several manufacturing firms in Ghana, Industrial Journal of Finance and Accounting 5(1)22-26
London, M. (2018). Job feedback: Giving, seeking and using feedback for performance improvement (2nd ed.). Mahwah, NJ: Lawrence Erlbaum.
Makinde, T. (2022). Problems of policy implementation in developing nations: The Nigerian experience. Journal of Social Sciences, 11 (1), 63 - 69.
https://doi.org/10.1080/09718923.2005.11892495
Makweba, I.O. & Xi, D. (2019). Effect of inventory control management systems on organization performance,International Journal of Engineering, Business and Management, 7(6), 74-112.
Mazanai, M. (2022). Job feedback: Giving, seeking and using feedback for performance improvement (2nd ed.). Mahwah, NJ: Lawrence Erlbaum.
Medard, K. A. (2018). The impact of electronic management on the employees' performance. Journal of Management and Strategy, 8(5), 86-100. https://doi.org/10.5430/jms.v8n5p86
https://doi.org/10.5430/jms.v8n5p86
Mensah, J. K. (2018). Talent management and employee outcomes: A psychological contract fulfilment jems.ideasspread.org, Journal of Economics and Management Sciences, 3(3), 20-23.
https://doi.org/10.1007/s11115-018-0407-9
National Bureau of Statistics (2022). Nigeria Poverty Profile 2020. Retrieved from: www.nigeranstat.gov.ng/pdfuploads/NigeraPovertyProfile2022.pdf.
Nwamgbebu O. P., Oketa C. E, & Nweke-Charles U. E. (2019). Inventory management system and performance of public health institutions in Nigeria: Empirical evidence from federal teaching hospital Abakaliki, Ebonyi State, International Journal Of Economics, Commerce and Management, 7(11).
Nwangang, P. W., Guyo, W & Arasa R. (2020). Influence of inventory management on performance of manufacturing firms in Kenya, International Journal of Logistics and Management 2(1) 23-44.
Ojo, M. A. (2018). The effects of inventory management on customer satisfaction; evidence from the supermarket industry of Nigeria. International Journal of Marketing and Communication Studies 1(1), 6-16.
Onyeacholem, G. (2022, December 11). The tragedy of Nigeria's civil service. Premium Times. Retrieved From: www.Premiumtimesng.com/opinion/110590-the-tragedy-of- Nigerias-civil-service.
Prange, J., & Pinho, N. (2017). Human resource management practices and organizational effectiveness: internal fit matters. Journal of Organizational Effectiveness: People and Performance, 3(2), 139-163. https://doi.org/10.1108/joepp-03-2016-0028
https://doi.org/10.1108/JOEPP-03-2016-0028
Rodriggues, S., & Walters, D. (2017). Systemic leadership development: Impact on organizational effectiveness. International Journal of Organizational Analysis, ahead-of-print(ahead-of-print). https://doi.org/10.1108/ijoa-05-2020-2184
https://doi.org/10.1108/IJOA-05-2020-2184
Sander, K.J., Matthias, P & Geoff, F. (2020). Performance management practices and employee productivity at State Department of Labour, Kenya. International Journal of Business, Humanities and Technology, 9(4). https://doi.org/10.30845/ijbht.v9n4p3
https://doi.org/10.30845/ijbht.v9n4p3
Shmailan, A.S.B. (2022). The relationship between job satisfaction, job performance and employee engagement: An explorative study. Issues in Business Management and Economics, 4(1), 1-8.
Silitonga, O., & Sadeli, O. M. (2020). Performance management practices and employee productivity at State Department of Labour, Kenya. International Journal of Business, Humanities and Technology, 9(4). https://doi.org/10.30845/ijbht.v9n4p3
https://doi.org/10.30845/ijbht.v9n4p3
Smith, M., & Bititci, U. S. (2017). Interplay between performance measurement and management, employee engagement and performance. International Journal of Operations, 37(9), 1207-1228.
https://doi.org/10.1108/IJOPM-06-2015-0313
Tungo, S.P. (2019). Impact of motivation on job performance of contractual staff in Devi Ahilya University Indore (M.P.). Paripex-Indian Journal of Research, 3(5), 1-5.
https://doi.org/10.15373/22501991/MAY2014/77
Yang, Y., Lee, P.K.C. & Cheng, T.C.E. (2022). Continuous improvement competence, employee creativity, and new service development performance: A frontline employee perspective. International Journal of Production Economics, 171, 275-288.
https://doi.org/10.1016/j.ijpe.2015.08.006