Effect of Inventory Management Practices on Financial Performance of Larfage Wapco Plc. Nigeria.

Abstract

This research examines effect of Inventory Management Practices on Financial Performance of Larfage Wapco Plc, Nigeria, by analyzing the extent to which value of stock carried and inventory policies employed has on cost of goods sold and profitability respectively in the firm. Survey design method was adopted for this work, which made use of Annual audited financial reports. Field design coupled with descriptive statistics was also used. The findings of study for hypothesis 1 showed that there was a significant relationship between the value of stock carried and cost of goods sold over the years between 2005 – 2013..........