The purpose of this study was to determine the effect of inventory control strategies on inventory record accuracy in Kenya Power Nakuru. The study looked at three inventory control strategies; cycle counting, inventory coding and computerized inventory accuracy. The three variables were individually and collectively related with inventory records accuracy. The study adopted a descriptive survey. The target populations for the study were the employees in Kenya Power Nakuru working in procurement, stores and finance departments. Since there are only 42 employees in the departments, all the employees were involved in the study as respondents. The researcher conducted a pilot study to test for validity and reliability of the research instruments before the actual study. Data was then collected through structured questionnaires that were self-administered by the researcher. Collected data was analyzed both descriptively and inferentially. Descriptive statistics was used to describe the study variables while correlation and regression analysis was used to relate the research variables. Single tailed t-test was used to test the hypotheses in the study. The study established that inventory control practices have significant positive influence on inventory records accuracy. The study recommends that public companies as well as private companies adopt inventory control practices as they are likely to experience enhanced efficiency and effectiveness in inventory records. The study suggests that further study is conducted to assess the role of management in implementing inventory control practices and whether inventory control practices can enhance operational performance of an organization.
| Published in | Journal of Investment and Management (Volume 5, Issue 5) |
| DOI | 10.11648/j.jim.20160505.16 |
| Page(s) | 82-92 |
| 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), 2016. Published by Science Publishing Group |
Inventory Control, Inventory Control Strategies, Inventory Record Accuracy
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APA Style
Lilian Tundura, Daniel Wanyoike. (2016). Effect of Inventory Control Strategies on Inventory Record Accuracy in Kenya Power Company, Nakuru. Journal of Investment and Management, 5(5), 82-92. https://doi.org/10.11648/j.jim.20160505.16
ACS Style
Lilian Tundura; Daniel Wanyoike. Effect of Inventory Control Strategies on Inventory Record Accuracy in Kenya Power Company, Nakuru. J. Invest. Manag. 2016, 5(5), 82-92. doi: 10.11648/j.jim.20160505.16
AMA Style
Lilian Tundura, Daniel Wanyoike. Effect of Inventory Control Strategies on Inventory Record Accuracy in Kenya Power Company, Nakuru. J Invest Manag. 2016;5(5):82-92. doi: 10.11648/j.jim.20160505.16
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Download@article{10.11648/j.jim.20160505.16,
author = {Lilian Tundura and Daniel Wanyoike},
title = {Effect of Inventory Control Strategies on Inventory Record Accuracy in Kenya Power Company, Nakuru},
journal = {Journal of Investment and Management},
volume = {5},
number = {5},
pages = {82-92},
doi = {10.11648/j.jim.20160505.16},
url = {https://doi.org/10.11648/j.jim.20160505.16},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20160505.16},
abstract = {The purpose of this study was to determine the effect of inventory control strategies on inventory record accuracy in Kenya Power Nakuru. The study looked at three inventory control strategies; cycle counting, inventory coding and computerized inventory accuracy. The three variables were individually and collectively related with inventory records accuracy. The study adopted a descriptive survey. The target populations for the study were the employees in Kenya Power Nakuru working in procurement, stores and finance departments. Since there are only 42 employees in the departments, all the employees were involved in the study as respondents. The researcher conducted a pilot study to test for validity and reliability of the research instruments before the actual study. Data was then collected through structured questionnaires that were self-administered by the researcher. Collected data was analyzed both descriptively and inferentially. Descriptive statistics was used to describe the study variables while correlation and regression analysis was used to relate the research variables. Single tailed t-test was used to test the hypotheses in the study. The study established that inventory control practices have significant positive influence on inventory records accuracy. The study recommends that public companies as well as private companies adopt inventory control practices as they are likely to experience enhanced efficiency and effectiveness in inventory records. The study suggests that further study is conducted to assess the role of management in implementing inventory control practices and whether inventory control practices can enhance operational performance of an organization.},
year = {2016}
}
TY - JOUR T1 - Effect of Inventory Control Strategies on Inventory Record Accuracy in Kenya Power Company, Nakuru AU - Lilian Tundura AU - Daniel Wanyoike Y1 - 2016/09/29 PY - 2016 N1 - https://doi.org/10.11648/j.jim.20160505.16 DO - 10.11648/j.jim.20160505.16 T2 - Journal of Investment and Management JF - Journal of Investment and Management JO - Journal of Investment and Management SP - 82 EP - 92 PB - Science Publishing Group SN - 2328-7721 UR - https://doi.org/10.11648/j.jim.20160505.16 AB - The purpose of this study was to determine the effect of inventory control strategies on inventory record accuracy in Kenya Power Nakuru. The study looked at three inventory control strategies; cycle counting, inventory coding and computerized inventory accuracy. The three variables were individually and collectively related with inventory records accuracy. The study adopted a descriptive survey. The target populations for the study were the employees in Kenya Power Nakuru working in procurement, stores and finance departments. Since there are only 42 employees in the departments, all the employees were involved in the study as respondents. The researcher conducted a pilot study to test for validity and reliability of the research instruments before the actual study. Data was then collected through structured questionnaires that were self-administered by the researcher. Collected data was analyzed both descriptively and inferentially. Descriptive statistics was used to describe the study variables while correlation and regression analysis was used to relate the research variables. Single tailed t-test was used to test the hypotheses in the study. The study established that inventory control practices have significant positive influence on inventory records accuracy. The study recommends that public companies as well as private companies adopt inventory control practices as they are likely to experience enhanced efficiency and effectiveness in inventory records. The study suggests that further study is conducted to assess the role of management in implementing inventory control practices and whether inventory control practices can enhance operational performance of an organization. VL - 5 IS - 5 ER -
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