International Journal of Academic Accounting, Finance & Management Research (IJAAFMR)   Year: 2022 | Volume: 6 | Issue: 2 | Page No.: 56-65 Effective Supply Chain Management through Inventory Control Management in Nigeria's Downstream Petroleum Sector Download PDF Nwankwo Sinclair Izuakulom Abstract: The role of supply chain management in the oil and gas sector globally cannot be overemphasized. This study discusses effective supply chain management through inventory control management in Nigeria's downstream petroleum sector. Resource - Based View Theory (RBV) forms the theoretical framework of the study. Research design is descriptive and narrative with quantitative and qualitative secondary data. The study among other things found out that the most fundamental role inventory plays in supply chain is that it facilitates and balances demand and supply. The finding of the paper shows that environmental uncertainty, information technology, supply chain relationships, and supply chain management performance are the broad challenges facing Nigeria's downstream petroleum sector in its supply chain management over the years. The central argument of this study is that the downstream operations cannot be effective and sustained in the petroleum industry without a well-coordinated and viable downstream operations and more importantly, without robust and vigorous supply chain master plan and industry good practices. One of the recommendations of the study is that oil and gas products marketing companies should strengthen their inventory management system for effective chain supply management through training and retraining of their staff on regular basis, responding to technological changes in inventory management and supply chain for effective and timely delivery of petroleum products to the general public.