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
Volume 4, Issue 3, June 2016, Pages: 117-126
Received: Apr. 5, 2016; Accepted: Apr. 14, 2016; Published: May 3, 2016
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Authors
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
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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.
Keywords
Inventory Control Practices, Procurement Performance, Agrochemicals Distributors
To cite this article
Benjamin Nyariki Onchoke, Daniel M. Wanyoike, 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. Vol. 4, No. 3, 2016, pp. 117-126. doi: 10.11648/j.ijefm.20160403.14
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Copyright © 2016 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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