International Journal of Economics & Management Sciences
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Materials Management For Business Success: The Case Of The Nigerian Bottling Company Plc
James Monday Unam
National Centre for Technology Management, Obafemi Awolowo University, Ile-Ife, Nigeria.
The objective of this study was to examine the relationship between Materials Management and success of manufacturing firms. The empirical analysis focused on the Nigerian Bottling Company Plc (NBC), being one of the largest manufacturing firms in Nigeria. Data was collected through a structured questionnaire, supported by interview. Using Chi-square (χ2 ) test of independence, the results provided evidence of a positive significant relationship between efficient Materials Management and firm success. The implication of this is that through efficient management of materials, a manufacturing firm can achieve significant cost saving, improvement in production efficiency, and increase in profitability. The study also found that inter-departmental coordination, effective inventory management, good relationship with vendors, and state-of-the-art facilities/ICT were significant success factors of Materials Management. This study showed that for manufacturing industries to experience remarkable success in their performance, priority must be given to Materials Management as a total concept.
material requirements planning, material wastage, manufacturing cost, profitability
Date Deposited : 24 May 2016 20:31
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Last Modified : 24 May 2016 20:31
Volume 1, Number 7, July 2012 , ISSN 2162-6359
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