The Relationship between Inventory Management and Productivity in Ghanaian Manufacturing Industries

Abstract

Many firms consider inventory management as a basis through which companies can achieve competitive advantage in the market and increase customer satisfaction and internal productivity. This study aims to evaluate the relationship between inventory management practices and productivity at Guinness Brewery Ltd. A case study involving semi-structured questionnaires was conducted with workers at Guinness Brewery Ltd. A purposive sampling was used to select 60 workers. While the study found no significant relationship between inventory practices at Guinness Brewery Ltd. and productivity such that the inventory practices were not significantly related to productivity (p>0.05), the study maintains that it is not out of place that most studies confirm a relationship between inventory practices and productivity.