Inventory Management and Organizational Performance: Evidence from Nigerian Manufacturing Firms

This study investigates the effect of inventory management on organizational performance of manufacturing firms in Nigeria. The purpose was to examine how inventory control, stock level management, and inventory monitoring affect organizational performance. The study adopted a descriptive research design using a structured questionnaire administered to 150 employees from selected manufacturing firms across Lagos, Ogun, and Rivers States. The population comprised production, procurement, and warehouse managers, while the sample was chosen using purposive sampling. Data were analyzed using descriptive statistics, Pearson correlation, and multiple regression analysis via SPSS version 26. Results show that inventory control (β = 0.402, p < 0.05), stock level management (β = 0.326, p < 0.05), and inventory monitoring (β = 0.294, p < 0.05) significantly and positively affect organizational performance. The study concludes that efficient inventory management enhances profitability, productivity, and customer satisfaction. It recommends investment in technology-driven inventory systems and continuous staff training to improve operational efficiency.