| Abstract: | The study aims to focus on assessing inventory management practices in AGP Poultry Plc using descriptive research to imply areas of gaps to be studied and lay a foundation for other fellow academic researchers in the area. Both primary and secondary sources of data were used. The primary data was gathered through questionnaire. While the secondary data was obtained from various sources which are relevant for the study through document analysis. The target population of this study was employees of the study company that have different roles and responsibilities in the inventory management and supply chain of the company and have at least stayed for two years in the company. The total population of the target group is 196 employees from which sample have drawn for this study. The sample size for targeted population of the study is 132 using Yamane’s (1967) formula but only 106 were able to provide the full questionnaire response. Once the sample size was identified, the sample items in each number of samples distributed to each department at the time of questionnaire distribution, respondents selected using purposive and stratified sampling technique of non-probability sampling technique. Results of study shows the bureaucratic systems of procurement were the main issue that contributes to unacceptable contract delays, increased costs followed by bureaucracy expects conformity in behavior rather than performance, proper documentation ensures that material availability meets its needed stock demand, while clear and error free inventory records is a must in order to provide a satisfactory customer service, an inadequate funds of organization are the other difficulties in running its activities as per the respondents. And finally, qualified staff that is competent and skilled helps the organization to achieve its goals and objectives by being effective when carrying out their various functions as per the respondents. the study concludes that bureaucratic procurement procedures had a positive impact on the practice of inventory management in the study area, documentation is also crucial in ensuring well organized inventory management, stock records provide the management with the information which is used to ensure accountability through stocktaking and stock audit exercise. The study disclosed that in AGP Poultry Plc to achieve a superior performance in the inventory management, funding and necessary to recruit, train and develop personnel with the capacity and motivation to do better job which has positive effect on the practice of inventory management in the study area. The study also recommends enhancing bureaucratic procurement procedures through elimination of overlapping or conflicting jobs or duties and behavior of the system can boast the IM practices with proper documentation that ensures material availability meets projected demand, and accuracy of inventory records is necessary to retain and attract satisfied customers, monitored skill set of the employees are valuable to the company and funding is not the only factor that strengthens the practice of IM practices as well. |
