Assessment of Materials Management and Profitability of an Organization

Andreas Brutus Ibegbulem; Chiyem Okorie

doi:10.12816/0011173

Article Details

Assessment of Materials Management and Profitability of an Organization

Authors:

Andreas Brutus Ibegbulem | Chiyem Okorie

Publisher:

Centre for Social Science Research

Main Topics:

General management

Journal:

Journal of Policy and Development Studies 2015 Vol.9 Issue 3, pp.153-165

Document Type:

Article

Publication Date:

5/2015

Document Language:

English

Document ID (Org No.):

63660

Frequency:

Quarterly

pISSN:

15979385

DOI:

10.12816/0011173

Descriptors:

Keywords:

Abstract:

 Many business organizations in Nigeria fail to appreciate the role of materials management inenhancing their profitability. In most cases, the function seems to be a formality in the system,while in other cases the functions are actually applied strictly. Some organizations are of thebelief that material management is just a routine function of the purchasing department therebyreducing it to the background. Arising from this backdrop, this study aims at finding out how anorganization can tackle the problems identified and how effective material management canincrease the profitability of an organization. The study revealed that material management usedby the organization contributes to the profitability of the company, adequate storage facilitiesprevents interruption on production process among other things. As a result of the above, it wasrecommended that there should be good record system of materials for the operations of theorganization as it affects production and the training of staff to acquire new skills andknowledge needed for the work for the benefit of the organization.

Article Details

Assessment of Materials Management and Profitability of an Organization

Authors:

Andreas Brutus Ibegbulem | Chiyem Okorie

Publisher:

Centre for Social Science Research

Main Topics:

General management

Journal:

Journal of Policy and Development Studies 2015 Vol.9 Issue 3, pp.153-165

Document Type:

Article

Publication Date:

5/2015

Document Language:

English

Document ID (Org No.):

63660

Frequency:

Quarterly

pISSN:

15979385

DOI:

10.12816/0011173

Descriptors:

MATERIALS MANAGEMENT

CAPITAL PRODUCTIVITY

PROFITABILITY

PERSONNEL TRAINING

CORPORATIONS

Materials Management

Organizational Profitability

Inventory Control

Issues

Article Details

Authors: Andreas Brutus Ibegbulem | Chiyem Okorie

Publisher: Centre for Social Science Research

Main Topics: General management

Journal: Journal of Policy and Development Studies 2015 Vol.9 Issue 3, pp.153-165

Document Type: Article

Publication Date: 5/2015

Document Language: English

Document ID (Org No.): 63660

Frequency: Quarterly

pISSN: 15979385

DOI: 10.12816/0011173

Descriptors:

Issues

Authors:

Andreas Brutus Ibegbulem | Chiyem Okorie

Publisher:

Centre for Social Science Research

Main Topics:

General management

Journal:

Journal of Policy and Development Studies 2015 Vol.9 Issue 3, pp.153-165

Document Type:

Article

Publication Date:

5/2015

Document Language:

English

Document ID (Org No.):

63660

Frequency:

Quarterly

pISSN:

15979385

DOI:

10.12816/0011173