Inventory Management Practices and Operational Performance of Manufacturing Firms in Ghana
Richard Kofi Opoku, Helen Mawuena Fiati, Gregory Kaku, Joseph Ankomah, Faustina Opoku- Agyemang
Advances in Research · pp. 1–18 · Published 18 Sep 2020
10.9734/air/2020/v21i1030246Abstract
Aims: The study examined the effect of different inventory management practices on the operational performance of manufacturing firms in Ghana. Study Design: The study adopted the descriptive survey design. Place and Duration of Study: The study was conducted among manufacturing firms within the Accra, Tema and Kumasi metropolises in Ghana between November 2019 and February 2020. Methodology: The study randomly sampled 152 Procurement and Operations managers and officers from 246 registered manufacturing firms with the Association of Ghana Industries. The manufacturing firms are specifically located within the Accra, Tema and Kumasi metropolises. The study gathered primary data using structured questionnaires of which analysis was done using both descriptive and inferential statistical tools including mean, standard deviation and ordinary least square regression. Results: Using 114 valid responses, the study found manufacturing firms in Ghana to have high preference for Strategic Supplier Partnership (M=3.63) and Activity Based Costing (M=3.56, whereas they had least preference for Just In Time (M=3.06). The ordinary least square regression analysis showed that all the different inventory management practices: strategic supplier partnership (P=.000), activity based costing (P=.025), vendor managed inventory (P=.008), economic order quantity (P=.19), material resource planning (P=.000) and just in time (P=.009) are significantly and positively associated with operational performance. Conclusion: The study concluded that inventory management practices especially strategic supplier partnership plays tremendous roles in improving the operational performance levels of manufacturing firms in a developing economy notably Ghana.
Cited by 14
Kang Chen, Qingyang Lu, Xu Xin · Ocean & Coastal Management · 2022
Stella Daah Siaw, Ebenezer Kofi Howard, Benjamin Kwablah Asinyo · American Journal of Industrial and Business Management · 2025
Ronald Ebenezer Essel · Journal of Operations and Strategic Planning · 2021
A. O. Mogbojur, O.A. Olanrewaju, T. O. Ogunleye · Nigerian Journal of Technology · 2022
Richard Kofi Opoku, Edmond Yeboah Nyamah, Evelyn Yeboah Nyamah · Cleaner Logistics and Supply Chain · 2023
Dharmendra Hariyani, Poonam Hariyani, Sanjeev Mishra · Next Research · 2025
Maxwel Kiumba Kibe, Duncan Nyakundi Nyaberi · International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p) · 2026
Mutua Emmaculate Maria, Sammy Odari · International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p) · 2025
Sulaimon Olanrewaju Adebiyi, Adeyemi Sulaiman Adediran, Abideen Olayinka Shodiya · Economics and Culture · 2021
Donna Tsakani Makhubele, Chengedzai Mafini, Douglas Zvinowanda · International Journal of Business Ecosystem & Strategy (2687-2293) · 2025
Related research
Article metrics
Real usage data collected on this platform.
0
Page views
0
PDF downloads
0
Outbound clicks
14
Citations
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
No views recorded yet.
Traffic sources
Referring site, by host.
No traffic recorded yet.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.