Inventory management and financial performance in pharmacies:

Abstract

Inventory management is essential on how well storage is kept. Limited scientific research has been undertaken to examine the factors that influence financial performance under the Implementation of inventory management. Failure of appropriate inventory management in place, financial performance is affected by the organization having too much and too little stock which could damage the operation of the business through issues like having obsoletes, demand when there is no stock due to improper management. This study was based on a topic which is inventory Management and financial Performance of Pharmacies aimed at ascertaining the factors that influence the financial performance of inventory management in pharmacies in Arua municipality. The research questions under this study were; what is the relationship between ABC and organizational financial performance. What is the relationship between Economic Order Quantity and organizational financial performance? What is the relationship between Just in Time production and organizational financial performance? The research study used primary data which was collected through the use of questionnaires with respondents as the employees of the pharmacies in the chosen case study in Arua municipality. The data collected was analyzed using descriptive statistics obtained from SPSS.