Influence of Inventory Control Practices on Procurement Performance of Agrochemicals Distributors in Nakuru Central Sub-County, Kenya

Benjamin Nyariki Onchoke; Daniel M. Wanyoike

doi:doi:10.11648/j.ijefm.20160403.14

| Peer-Reviewed

Influence of Inventory Control Practices on Procurement Performance of Agrochemicals Distributors in Nakuru Central Sub-County, Kenya

Benjamin Nyariki Onchoke, Daniel M. Wanyoike

Published in International Journal of Economics, Finance and Management Sciences (Volume 4, Issue 3)

Received: 5 April 2016 Accepted: 14 April 2016 Published: 3 May 2016

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

Abstract

The purpose of this study was to establish the Influence of inventory control practices and procurement performance of Agrochemical Distributors in Nakuru Central Sub-County. The study was a survey as it sought to determine the relationship between internal inventory control and procurement performance in agrichemical distributors in Nakuru Central sub-county within limited time frame. The respondents in this study were the employees in Agrochemical Distributors in Nakuru Central Sub-County. Data was collected through structured questionnaires that were self-administered by the researcher through drop and pick technique. The respondents were given ample time to fill the questionnaires after which they were collected for analysis. The filled questionnaires were checked before coding for analysis. SPSS version 21 was used in analyzing the collected data. Frequencies and percentages were used to describe individual indicators of internal inventory control and procurement performance while correlation and regression analysis for and influence of internal inventories control practices on procurement performance. The results of the study were presented using tables that were accompanied by explanation. Findings of the study revealed that Internal Inventory Security Procedural Practices, Inventory Auditing and Computerized Inventory Control both individually and collectively have significant positive influence on Procurement Performance. The study recommends that further study should be conducted to assess how internal inventory security procedural practices can be adopted by public institutions and whether such practices can be incorporated in the public procurement regulations. Also, further studies can be done to establish the integrated role of internal and external audit in inventory control especially in manufacturing and distributing organizations and to determine the influence of computerized inventory management on supplier and customer relationship management in manufacturing and distributing organizations.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 4, Issue 3)
DOI	10.11648/j.ijefm.20160403.14
Page(s)	117-126
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Inventory Control Practices, Procurement Performance, Agrochemicals Distributors

References

[1]	Agricultural Sector Development Support Programme. (2014, December 12). Kisumu County. Retrieved November 20, 2015, from Agricultural Sector Development Support Programme: http://www.asdsp.co.ke/
[2]	Ahmad, F. S. (2015). The Influence of Inventory Management Practices Towards Inventory Management Performance in Malaysian Public Hospitals. International Academic Research Journal of Business and Technology, 1(2)142-148.
[3]	Angel, A. M. (2005). A theory of ﬂuctuations in stock prices. Physica A, 363 (2006) 383–392.
[4]	Atkearney (2013). Procurement Performance Management. UK: Procurement & Analytic Solution.
[5]	Barnes, D. (2001). esearch Methods for the Empirical Investigation of the Process of Formation of Operations Strategy. International Journal of Operations & Production Management.
[6]	Bartmann D. a. (1992). Inventory Control: Models and Methods. New York: Springer-Verlag Berlin Heidelberg.
[7]	Braglia, M. R. (2013). Stock diffusion theory: a dynamic model for inventory control. International Journal of Production Research, 51(10).
[8]	Chemoiywo, P. P. (2014). Public Procurement Procedures and Supply Chain Performance in State Corporations in Kenya. Nairobi: University of Nairobi.
[9]	Eaton, J. &. (1999). International Technology Diffusion: Theory and Measurement. International Economic Review, 40(3), 537–570.
[10]	Eckert, S. G. (2007). Inventory Management and Its Effects on Customer. Journal of Business and Public Policy, 1-13.
[11]	Education, H. S. (2013). Warehouse Inventory Control Assessment. Hawaii: Hawaii State Department of Education.
[12]	Elections Canada. (2010). Internal Audit; Audit of the Inventory Control Framework. Canada: Elections Canada.
[13]	European Academy for Taxes, Economics & Law. (2015). How to Audit Public Procurement Effectively. Berlin: European Academy for Taxes, Economics & Law.
[14]	Gerald, F. &. (2009). Resource Dependence Theory: Past and Future. Research in the Sociology of Organizations, 2(2)122-34.
[15]	H., P. R. (2005). Managing Disruption Risks in Supply Chains. Production and Operations Management Society, 3(2), 12-23.
[16]	Harris, F. W. (1915). Operations and Cost (Factory Management Series). A. W.Shaw Company.
[17]	Hurley, G. &. (2000). New Policies for Stochastic Inventory Control Models: Theoretical and Computational Results. Operations Research, 1 (1), 1-34.
[18]	Johnstone, K. G. (2014). Risk Based Approach to Conducting Audit. South Western Cengage Learning.
[19]	Jolla, G. (2014). Internal Control Practices: Purchasing. Retrieved April 5, 2015, from Blink: http://blink.ucsd.edu/finance/accountability/controls/practices/purchasing.html
[20]	Kakwezi, P. &. (2014). Procurement Process and Performance: Effeciency and Effectiveness of the Procurement Function. Kampala: Makerere University.
[21]	Kitaeva, A. S. (2014). Diffusion Approximation in Inventory Management with Examoles of Application. Tomsk: National Research Tomsk Polytechnic University.
[22]	Koumanakos, D. P. (2004). The effect of inventory management on firm performance. International Journal of Productivity and Performance Management, 57 (5), 355-369.
[23]	Landau, S. &. (2004). Handbook of Statistical Analysis using SPSS. Washington DC: Chapman & Hall/CRC Press.
[24]	Liang, Y. (1997). The Developmet of an Intelligent Inventory Management System. UK: TIME Research Institute.
[25]	Library and Archives Canada. (2014). Report – Audit of Procurement Practices. Canada: Library and Archives Canada.
[26]	lwiki, T. O. (2013). The Impact of Inventory Management Practices on Financial Performance of Sugar Manufacturing Firms in Kenya. International Journal of Business, Humanities and Technology, 3(5), 75-85.
[27]	Mito, C. I. (2015). An Analysis of the Effects of Inventory Management on the Performance of the Procurement Function of Sugar Manufacturing Companies in the Western Kenya S(H., 2005) (H., 2005)ugar Belt. International Journal of Scientific and Research Publications, 5(5), 1-14.
[28]	Mugenda, O. &. (2009). Research Methods; Qualitative and Quantitative Approaches. Nairobi: ACTS Press.
[29]	Mukopi, C. &. (2015). An Analysis of the Effects of Inventory Management on Performance of the Procurement Function of Sugar Manufacturing Companies in the Western Kenya Sugar Belt. International Journal of Scientific and Research Publications, 5(5), 1-14.
[30]	National Food Service Management Institute. (2012). Inventory Management and Tracking, Reference Guide. National Food Service Management Institute: The University of Mississippi.
[31]	Neely. (1999). he Performance Measurement Revolution: Why now and What Next. International Journal of operation and production management, 19(2), 205-228.
[32]	Ngunyi, W. I. (2014). Procurement Practices and Performance of Parastatals in Kenya. Nairobi: Univeristy of Nairobi.
[33]	Nyabwanga, R. N. (2012). nventory management practices and businessperformance for small-scale enterprises in Kenya. businessperformance for small-scale enterprises in Kenya, 4(1), 11-28.
[34]	Nzuza, Z. W. (2012). Factors affecting the success of inventory control in the Stores Division of the eThekwini Municipality, Durban: a case study. Durban, South Africa: Durban University of Technology.
[35]	Oballah, D. W. (2015). Effect of Inventory Management Practices on Organizational Performance in Public Health Indtitutions in Kenya: A case of Kenyatta National Hospital. International Journal of Education and Research, 3(3), 703-714.
[36]	Ogbo, A. I. (2014). Effective Inventory Control Management on Organisational Performance: A Study of 7up Bottling Company Nile Mile Enugu, Nigeria. Mediterranean Journal of Social Sciences, 5(10), 109-118.
[37]	Ogbo, A. O. (2014). The Impact of Effective Inventory Control Management on Organisational Performance: A Study of 7up Bottling Company Nile Mile Enugu, Nigeria. Mediterranean Journal of Social Sciences, 5(10), 108-118.
[38]	Ondieki, D. L. (2014). Sampling Techniques. African Journal of Food Science and Technology, 5(1), 12-20.
[39]	Oso, Y. W. (2011). Writing Research Proposal nad Report. Nairobi: Jomo Kenyatta Foundation.
[40]	Owuoth, G. M. (2015). Effect of Public Procurement Regulations on Procurement Performance in Public Sector Procurement Performance in Knya. A Case of Rural Electrification Authority. International Journal of Social Sciences Management and Entrepreneurship, 2(1): 171-184.
[41]	Pgchsm. (2013). Inventory Control Techniques. Indian Association of Preventive and Social Medicine.
[42]	Posazhennikova, V. a. (2012). Optimization of total finished goods inventory management in decentralized organisation: A Case Study on Atlas Copco Secoroc AB. Jonkoping: Jonkoping International Business School.
[43]	Resia, V. K. (2014). Effect of Inventory Management on the Supply Chain Effectiveness in the Manufacturing industries in Kenya: A Case of Tata Chemicals. International Journal of Social Sciences Management and Entrepreneurship, 1(2); 189-202.
[44]	Sage. (2012). Inventory Management Overview Document, for Sage 100 ERP. Sage.
[45]	Score. (2002). Inventory Control: Why Inventory Control? Score, Counselors to America’s Small Business.
[46]	Sigma. (2011). Support for Improvement in Governance and Management. A Jount Initiative of the OECD, Principally Fiananced by EU. Sigma.
[47]	Solutions, P. &. (2013). Procurement Performance Management Powered by Rosma. UK: ATKearney.
[48]	SuperCuts. (2014). Loss Prevention Standards and Practices. Japan: SuperCuts.
[49]	Swaleh, L. A. (2014). Factors Affecting Effective Implementation of Inventory Management Systems in the Public Sector: A Case of National AIDS Control Council. International Journal of Social Sciences Management and Entrepreneurship, 1(2): 17-32.
[50]	Troxell, L. (2015). UCSC Practices for HIPAA Security Rule Compliance. Califonia: University of Califonia.
[51]	United States General Accounting Office. (2002). Best Practices in Achieving Consistent, Accurate Physica lCounts of Inventory and Related Property. GAO.
[52]	Urban, U. (2005). Inventory models with inventory-level-dependent demand: A comprehensive review and unifying theory. European Journal of Operations Research, 162(3), 792-804.
[53]	USAID. (2013). Procurement Performance Indicators Guide: Using Procurement Performance Indicators to Strengthen the Procurement Process for Public Health Commodities. US: USAID.
[54]	Wangui, I. I. (2014). Procurement Practices and the Performance of Public Parastatals in Kenya. Nairobi: University of Nairobi.
[55]	Yamane, T. (1967). Statistics: An Introductory Analysis, 2nd Ed. New York: Harper and Row.
[56]	Zycus, Z. (2015). Procurement Performance Management. UK: Aatish Media 6.

Cite This Article

Plain Text BibTeX RIS

APA Style

Benjamin Nyariki Onchoke, Daniel M. Wanyoike. (2016). Influence of Inventory Control Practices on Procurement Performance of Agrochemicals Distributors in Nakuru Central Sub-County, Kenya. International Journal of Economics, Finance and Management Sciences, 4(3), 117-126. https://doi.org/10.11648/j.ijefm.20160403.14

Copy | Download

ACS Style

Benjamin Nyariki Onchoke; Daniel M. Wanyoike. Influence of Inventory Control Practices on Procurement Performance of Agrochemicals Distributors in Nakuru Central Sub-County, Kenya. Int. J. Econ. Finance Manag. Sci. 2016, 4(3), 117-126. doi: 10.11648/j.ijefm.20160403.14

Copy | Download

AMA Style

Benjamin Nyariki Onchoke, Daniel M. Wanyoike. Influence of Inventory Control Practices on Procurement Performance of Agrochemicals Distributors in Nakuru Central Sub-County, Kenya. Int J Econ Finance Manag Sci. 2016;4(3):117-126. doi: 10.11648/j.ijefm.20160403.14

Copy | Download

@article{10.11648/j.ijefm.20160403.14,
  author = {Benjamin Nyariki Onchoke and Daniel M. Wanyoike},
  title = {Influence of Inventory Control Practices on Procurement Performance of Agrochemicals Distributors in Nakuru Central Sub-County, Kenya},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {4},
  number = {3},
  pages = {117-126},
  doi = {10.11648/j.ijefm.20160403.14},
  url = {https://doi.org/10.11648/j.ijefm.20160403.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20160403.14},
  abstract = {The purpose of this study was to establish the Influence of inventory control practices and procurement performance of Agrochemical Distributors in Nakuru Central Sub-County. The study was a survey as it sought to determine the relationship between internal inventory control and procurement performance in agrichemical distributors in Nakuru Central sub-county within limited time frame. The respondents in this study were the employees in Agrochemical Distributors in Nakuru Central Sub-County. Data was collected through structured questionnaires that were self-administered by the researcher through drop and pick technique. The respondents were given ample time to fill the questionnaires after which they were collected for analysis. The filled questionnaires were checked before coding for analysis. SPSS version 21 was used in analyzing the collected data. Frequencies and percentages were used to describe individual indicators of internal inventory control and procurement performance while correlation and regression analysis for and influence of internal inventories control practices on procurement performance. The results of the study were presented using tables that were accompanied by explanation. Findings of the study revealed that Internal Inventory Security Procedural Practices, Inventory Auditing and Computerized Inventory Control both individually and collectively have significant positive influence on Procurement Performance. The study recommends that further study should be conducted to assess how internal inventory security procedural practices can be adopted by public institutions and whether such practices can be incorporated in the public procurement regulations. Also, further studies can be done to establish the integrated role of internal and external audit in inventory control especially in manufacturing and distributing organizations and to determine the influence of computerized inventory management on supplier and customer relationship management in manufacturing and distributing organizations.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - Influence of Inventory Control Practices on Procurement Performance of Agrochemicals Distributors in Nakuru Central Sub-County, Kenya
AU  - Benjamin Nyariki Onchoke
AU  - Daniel M. Wanyoike
Y1  - 2016/05/03
PY  - 2016
N1  - https://doi.org/10.11648/j.ijefm.20160403.14
DO  - 10.11648/j.ijefm.20160403.14
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 117
EP  - 126
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20160403.14
AB  - The purpose of this study was to establish the Influence of inventory control practices and procurement performance of Agrochemical Distributors in Nakuru Central Sub-County. The study was a survey as it sought to determine the relationship between internal inventory control and procurement performance in agrichemical distributors in Nakuru Central sub-county within limited time frame. The respondents in this study were the employees in Agrochemical Distributors in Nakuru Central Sub-County. Data was collected through structured questionnaires that were self-administered by the researcher through drop and pick technique. The respondents were given ample time to fill the questionnaires after which they were collected for analysis. The filled questionnaires were checked before coding for analysis. SPSS version 21 was used in analyzing the collected data. Frequencies and percentages were used to describe individual indicators of internal inventory control and procurement performance while correlation and regression analysis for and influence of internal inventories control practices on procurement performance. The results of the study were presented using tables that were accompanied by explanation. Findings of the study revealed that Internal Inventory Security Procedural Practices, Inventory Auditing and Computerized Inventory Control both individually and collectively have significant positive influence on Procurement Performance. The study recommends that further study should be conducted to assess how internal inventory security procedural practices can be adopted by public institutions and whether such practices can be incorporated in the public procurement regulations. Also, further studies can be done to establish the integrated role of internal and external audit in inventory control especially in manufacturing and distributing organizations and to determine the influence of computerized inventory management on supplier and customer relationship management in manufacturing and distributing organizations.
VL  - 4
IS  - 3
ER  -

Copy | Download

Author Information

Benjamin Nyariki Onchoke

Department of Procurement and Logistics, Jomo Kenyatta University of Agriculture and Technology, Juja, Kenya
Daniel M. Wanyoike

Department of Procurement and Logistics, Jomo Kenyatta University of Agriculture and Technology, Juja, Kenya

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Benjamin Nyariki Onchoke, Daniel M. Wanyoike. (2016). Influence of Inventory Control Practices on Procurement Performance of Agrochemicals Distributors in Nakuru Central Sub-County, Kenya. International Journal of Economics, Finance and Management Sciences, 4(3), 117-126. https://doi.org/10.11648/j.ijefm.20160403.14

Copy | Download

ACS Style

Benjamin Nyariki Onchoke; Daniel M. Wanyoike. Influence of Inventory Control Practices on Procurement Performance of Agrochemicals Distributors in Nakuru Central Sub-County, Kenya. Int. J. Econ. Finance Manag. Sci. 2016, 4(3), 117-126. doi: 10.11648/j.ijefm.20160403.14

Copy | Download

AMA Style

Benjamin Nyariki Onchoke, Daniel M. Wanyoike. Influence of Inventory Control Practices on Procurement Performance of Agrochemicals Distributors in Nakuru Central Sub-County, Kenya. Int J Econ Finance Manag Sci. 2016;4(3):117-126. doi: 10.11648/j.ijefm.20160403.14

Copy | Download

@article{10.11648/j.ijefm.20160403.14,
  author = {Benjamin Nyariki Onchoke and Daniel M. Wanyoike},
  title = {Influence of Inventory Control Practices on Procurement Performance of Agrochemicals Distributors in Nakuru Central Sub-County, Kenya},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {4},
  number = {3},
  pages = {117-126},
  doi = {10.11648/j.ijefm.20160403.14},
  url = {https://doi.org/10.11648/j.ijefm.20160403.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20160403.14},
  abstract = {The purpose of this study was to establish the Influence of inventory control practices and procurement performance of Agrochemical Distributors in Nakuru Central Sub-County. The study was a survey as it sought to determine the relationship between internal inventory control and procurement performance in agrichemical distributors in Nakuru Central sub-county within limited time frame. The respondents in this study were the employees in Agrochemical Distributors in Nakuru Central Sub-County. Data was collected through structured questionnaires that were self-administered by the researcher through drop and pick technique. The respondents were given ample time to fill the questionnaires after which they were collected for analysis. The filled questionnaires were checked before coding for analysis. SPSS version 21 was used in analyzing the collected data. Frequencies and percentages were used to describe individual indicators of internal inventory control and procurement performance while correlation and regression analysis for and influence of internal inventories control practices on procurement performance. The results of the study were presented using tables that were accompanied by explanation. Findings of the study revealed that Internal Inventory Security Procedural Practices, Inventory Auditing and Computerized Inventory Control both individually and collectively have significant positive influence on Procurement Performance. The study recommends that further study should be conducted to assess how internal inventory security procedural practices can be adopted by public institutions and whether such practices can be incorporated in the public procurement regulations. Also, further studies can be done to establish the integrated role of internal and external audit in inventory control especially in manufacturing and distributing organizations and to determine the influence of computerized inventory management on supplier and customer relationship management in manufacturing and distributing organizations.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - Influence of Inventory Control Practices on Procurement Performance of Agrochemicals Distributors in Nakuru Central Sub-County, Kenya
AU  - Benjamin Nyariki Onchoke
AU  - Daniel M. Wanyoike
Y1  - 2016/05/03
PY  - 2016
N1  - https://doi.org/10.11648/j.ijefm.20160403.14
DO  - 10.11648/j.ijefm.20160403.14
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 117
EP  - 126
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20160403.14
AB  - The purpose of this study was to establish the Influence of inventory control practices and procurement performance of Agrochemical Distributors in Nakuru Central Sub-County. The study was a survey as it sought to determine the relationship between internal inventory control and procurement performance in agrichemical distributors in Nakuru Central sub-county within limited time frame. The respondents in this study were the employees in Agrochemical Distributors in Nakuru Central Sub-County. Data was collected through structured questionnaires that were self-administered by the researcher through drop and pick technique. The respondents were given ample time to fill the questionnaires after which they were collected for analysis. The filled questionnaires were checked before coding for analysis. SPSS version 21 was used in analyzing the collected data. Frequencies and percentages were used to describe individual indicators of internal inventory control and procurement performance while correlation and regression analysis for and influence of internal inventories control practices on procurement performance. The results of the study were presented using tables that were accompanied by explanation. Findings of the study revealed that Internal Inventory Security Procedural Practices, Inventory Auditing and Computerized Inventory Control both individually and collectively have significant positive influence on Procurement Performance. The study recommends that further study should be conducted to assess how internal inventory security procedural practices can be adopted by public institutions and whether such practices can be incorporated in the public procurement regulations. Also, further studies can be done to establish the integrated role of internal and external audit in inventory control especially in manufacturing and distributing organizations and to determine the influence of computerized inventory management on supplier and customer relationship management in manufacturing and distributing organizations.
VL  - 4
IS  - 3
ER  -

Copy | Download