| dc.description.abstract | The major objective of this study was to examine the relationship between inventory management and performance on the manufacturing industry. The specific objectives are; to determine the effect of demand forecast on performance of the manufacturing industry, to establish the effect of policies on performance of the manufacturing industry and to find out an accurate assessment of lead time on performance of the manufacturing industry.
A case study design was used to conduct the study with a sample size of 63 respondents. Various data collection instruments were used in this study and these include; questionnaires, interview guide and document view.
The findings revealed that the suppliers do not have the ability to supply the raw materials needed promptly. Therefore, the management should work towards ensuring that the suppliers do have the ability to supply the raw materials needed promptly. For the rules or procedures that are not often understood by all staff members of the company, the management should invest in training and sensitization programmes in order to have the staff equipped with the set rules or procedures. Still for the set rules or procedures that cannot be changed by staff at low levels of management, the top management should always give some limit of freedom for the staff at low levels to make such changes that are crucial to the company’s performance.
The findings revealed that the company normally does not have a short term period of receiving raw materials. Therefore, there should an adequate need to develop a policy that considers the finding since revealed that it was inadequate.
Last but crucial is that management should ensure that inventory management is always maintained in order to increase their performance. | en_US |
