The DOI matches its Crossref record.
Inventory Management: An Impetus for Increased Profitability in Manufacturing Firms
Open accessAbstract
This study evaluated the degree of relationship between inventory management and profitability of manufacturing firmsin Nigeria. International Breweries Plc was adopted as case study. Secondary data were sourced from the company’s annual reports for the period of 10 years. A simple linear regression model was specified to test the correlation between variables used. Stock turnover ratio was used to capture the relationship between costs of sales incurred in generating total revenue and the inventory utilized in for production and distribution. The result generated from the study showed that the company operates an efficient Inventory Management System which has strong influence on its profitability. The correlation coefficient (r) was 85.3% while r2 was 72.7%. The study concluded that the efficient inventory management contributed significantly to profitability of manufacturing companies. The study recommended that manufacturing firms should focus on improving on their inventory management system by adopting a more efficient approach in utilizing inventory items.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Claims other papers make about this one
Each is checked against this paper’s own text: does it say what the citing paper says it does?
The cited source says what the claim attributes to it.
In the citing paper
“The findings demonstrated that inventory management had a significant impact on International Breweries PLC's profitability in Nigeria.”
From Effect of Inventory Management and Financial Performance of Manufacturing Firms in Nigeria (2023) · cites this paper as [2]
The cited source says what the claim attributes to it.
In the citing paper
“Kolawole, Akomolafe, and Olusipe [2], used International Breweries PLC as a case study to assess the link between inventory control and manufacturing companies' profitability in Nigeria.”
From Effect of Inventory Management and Financial Performance of Manufacturing Firms in Nigeria (2023) · cites this paper as [2]
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
No references could be resolved yet.
Research works printed but not linked: 15
- Adeyemi, S. L., & Salami A. O. (2010). Inventory Management: A Tool of Optimizing Resources in a Manufacturing Industry, A Case Study of Coca-Cola Bottling Company, Ilorin Plant. Journal of Social Sciences 23 (2), Pg 135-142.
- Adu-Bobi, K. A (2009). An Evaluation of Inventory Management Practices in Soap Manufacturing Firms in Ghana: the Case of Appiah -Menka Complex Ltd, Kumasi, Institutional Repository for Kwame Nkurumah University of Science and Technology (KNUST), Retrieved from http://hdl.handle.net/123456789/913.
- Atnafu, D., & Balda, A. (2018). 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), 1503219.
- Heyl, J. (2011). Inventory Management, Operation Management Strategy Decisions. Pearson Education Inc., publishing as Prentice Hall.
- Imeokparia, L. (2013). Inventory Management System and Performance of Food and Beverages Companies in Nigeria. IOSR Journal of Mathematics (IOSR-JM) Volume 6, Issue 1, PP 24-30. Retrieved from http://www.iosrjournals.org/iosr- jm/papers/Vol6-issue1.
- Kotler, P. (2002). Marketing Management, 2nd Edition, the Millennium Edition, New Delhi: Prentice Hill of India.
- Kontuš, E. (2014). Management of inventory in a company. Ekonomski vjesnik: Review of Contemporary Entrepreneurship, Business, and Economic Issues, 27 (2), 245-256.
- Leung, N. H. Z., Chen, A., Yadav, P., & Gallien, J. (2016). The impact of inventory management on stock-outs of essential drugs in Sub-Saharan Africa: secondary analysis of a field experiment in Zambia. PloS one, 11 (5), e0156026.
- Lucey, T. (2003), Costing, 5th Edition. London: AshfrodColour Press.
- Rajeev, N. (2008). Do inventory management practices affect economic performance? An empirical evaluation of the machine tool SMEs in Bangalore.International Journal of Management Science and Engineering Management, Vol. 3 No 4, pp. 312-320.
- Reid, D. & Sanders, N. R. (2010), Operations Management, 4th Edition, Wiley.
- Rosenblatt, B. S. (1977). Modern Business -A Systems Approach. 2 nd Edition, Boston: Houghton Mifflin Co.
- Shen, H., Deng, Q., Lao, R., & Wu, S. (2016). A case study of inventory management in a manufacturing company in China. Nang Yan Business Journal, 5 (1), 20-40.
- Stevenson, W. J. (2007). Inventory management, the McGraw- Hill Companies, Inc.
- Sohail, N & Sheikh T. H. (2018). A Study of Inventory Management System Case Study. Journal of Dynamical and Control Systems, 10 (10), 1176-1190.
Cited by
Sorted by citations
Effect of Inventory Management and Financial Performance of Manufacturing Firms in Nigeria
Ikechi, J., Chidi, U., Kelechi, N. C., & Mannaseh, O. (2023) · Asian Journal of Economics, Business and Accounting · doi:10.9734/ajeba/2023/v23i191069 · Cited by 4
“Kolawole, Akomolafe, and Olusipe [2], used”
Metadata
- Authors
- Daniel Kolawole, A., Busola Akomolafe, A., & Johnson Olusipe, B.
- Venue
- International Journal of Accounting, Finance and Risk Management
- Publisher
- Science Publishing Group
- Published
- 2019
- Volume
- 4
- Issue
- 4
- Pages
- 110
- ISSN
- 2578-9368 (ISSN-L)
- OpenAlex
- W2997352283
- Cited by
- 7
- References
- 0
- Citations by year
- 2026: 1 · 2025: 2 · 2024: 1 · 2023: 2 · 2022: 1
- FWCI
- 0.64
- Type
- journal article
- Language
- en
- Open access
- hybrid
- doi.org
- Licence
- cc-by
- Locations
- International Journal of Accounting Finance and Risk Management (publishedVersion, cc-by)
- Topics
- Social Sciences › Business, Management and Accounting › Accounting › Working Capital and Financial Performance
- Social Sciences › Decision Sciences › Management Science and Operations Research › Supply Chain and Inventory Management
- Social Sciences › Decision Sciences › Management Science and Operations Research › Business Logistics and Inventory Control
- Keywords
- inventory management, profitability, manufacturing companies, stock turnover ratio, inventory management system, cost of goods sold
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Inventory Management: An Impetus for Increased Profitability in Manufacturing Firms. https://app.cochat.ai/papers/10.11648/j.ijafrm.20190404.12
- The paper
- Daniel Kolawole, A., Busola Akomolafe, A., & Johnson Olusipe, B. (2019). Inventory Management: An Impetus for Increased Profitability in Manufacturing Firms. International Journal of Accounting, Finance and Risk Management. https://doi.org/10.11648/j.ijafrm.20190404.12
