Integrating Logistics Management through Warehousing and Inventory Management to Spawn High Market Share and Profitability

Abstract

In a fast and continuously dynamic competitive business environment as is the situation in the manufacturing sector, manufacturing firms are expected to give more consideration to their logistics management applications in order to have higher production efficiency and achieve better competitive advantage. Thus, this study empirically examined the relationship between logistics management and performance of 122 selected firms within Rivers State, Nigeria. The data from the questionnaire were analyzed through the use of mean, Pearson’s moment correlation and t-statistics to test the relationship between the variables of the study. The findings showed that logistics management has an influence on the rate of production output, market share and profitability. More so, inventory and warehouse management helps in eliminating production short-outs; enhances effectiveness of the production system and improves performance of manufacturing firms. Therefore, firms should reorganize their warehousing and inventory systems to suit specific needs of product demand to involve sustainable increase production output, sales and market share.

Keywords: Inventory, Logistics, Market share, Performance, Profitability and Warehousing