Evaluation of the Impact of Inventory Management on Working Capital Management in Manufacturing Companies in Nigeria (A Case Study of Nigeria Bottling Company, Ilorin Branch)

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1Abstract

The project brings to light the meaning and essentials of inventory management and how they may be used to improve the working capital of a business. Many business decisions can be taken only in respect of knowing the cost involved. Decision under the management of a company finance are basically those involving capital investment decisions on the one hand and short term decision on the other hand. While short-term decision incorporate within its framework, the concept of working capital long-term capital and cash flow generated from such capital investment are undoubtedly essential for maintaining the liquidity of the firm. Inventory management can assist in improving the working capital of a business by providing the data necessary to arrived at the best decisions. Obviously, there are many definitions as many authors will view it, these authors may view it from different perspectives in an attempt to justify their satisfaction among the various definitions are the following: Inventory is the totality of those items of tangible property, which are held for sale in the ordinary course of business or held in the process of production, for such sales of currently been available for sale inventory is a general term describing goods which are normally held in house and store gang, the bulk of these goods are usually intended for use in connection” with production or operation activities. But the term inventories cover finished products awaiting dispatch to customers, scrap and package and purvey return to suppliers.

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APA

Frontiers, E. & DIMEJI, O (2021). Evaluation of the Impact of Inventory Management on Working Capital Management in Manufacturing Companies in Nigeria (A Case Study of Nigeria Bottling Company, Ilorin Branch). Afribary. Retrieved from https://afribary.com/works/evaluation-of-the-impact-of-inventory-management-on-working-capital-management-in-manufacturing-companies-in-nigeria-a-case-study-of-nigeria-bottling-company-ilorin-branch

MLA 8th

Frontiers, Edu, and OYINLOYE DIMEJI "Evaluation of the Impact of Inventory Management on Working Capital Management in Manufacturing Companies in Nigeria (A Case Study of Nigeria Bottling Company, Ilorin Branch)" Afribary. Afribary, 15 Dec. 2021, https://afribary.com/works/evaluation-of-the-impact-of-inventory-management-on-working-capital-management-in-manufacturing-companies-in-nigeria-a-case-study-of-nigeria-bottling-company-ilorin-branch. Accessed 24 Jan. 2022.

MLA7

Frontiers, Edu, and OYINLOYE DIMEJI . "Evaluation of the Impact of Inventory Management on Working Capital Management in Manufacturing Companies in Nigeria (A Case Study of Nigeria Bottling Company, Ilorin Branch)". Afribary, Afribary, 15 Dec. 2021. Web. 24 Jan. 2022. < https://afribary.com/works/evaluation-of-the-impact-of-inventory-management-on-working-capital-management-in-manufacturing-companies-in-nigeria-a-case-study-of-nigeria-bottling-company-ilorin-branch >.

Chicago

Frontiers, Edu and DIMEJI, OYINLOYE . "Evaluation of the Impact of Inventory Management on Working Capital Management in Manufacturing Companies in Nigeria (A Case Study of Nigeria Bottling Company, Ilorin Branch)" Afribary (2021). Accessed January 24, 2022. https://afribary.com/works/evaluation-of-the-impact-of-inventory-management-on-working-capital-management-in-manufacturing-companies-in-nigeria-a-case-study-of-nigeria-bottling-company-ilorin-branch