Inventory Management and Organizational Performance. A Case Study of Zanzibar Institute of Financial Administration (Zifa)

Subscribe to access this work and thousands more

ABSTRACT The topic of the study was inventory management and organizational performance a case study of Zanzibar Institute of Financial Administration (ZIF A). The study objectives were to determine the various methods of inventory management in an organization, to examine the relevancy of inventory management techniques lmvards organizational performance and to establish the relationship between Inventory Management and organizational Performance. The study ,,vas conducted in Tanzania. Descriptive studies are non-experiential researches that describe the characteristics of a particular individual or of a group. the majority of the respondents were in the category of male with (70.6 %) while on the other hand, women were (29.4%). On the level of organizational performance according to the majority of the respondents saying that ZIFA regularly practice adequate supervision of staff with 42.6% and the lowest respondents saying that Zl FA is employee performance is closely evaluated and rewarded and assignments and tasks given to staff are finished on time with 0.9% of the respondents. This means that managerial standards can be a factor in motivating or de-motivating employees, according to technology employment resource Tech Republic. Managerial standards should be in line with the job duties outlined in the job description outlined by human resources. In conclusion, the role of Inventory management was rate differently with the majority of the respondents saying that ZI FA is using qualified staff to prepare Inventory Management to boost the level of performance with 29.6% and lowest at 1.85% saying that ZIF/ is managing time and keeping records and reinforcing the safety programs expected in inventory management. The study recommended that to enhance the role of Inventory Management, ZIFA should be proactively involved in the struggle to reduce the level of poor materials handling in the organization.

Subscribe to access this work and thousands more