|
|
| |
| Assessing of the Impact of Stock Controls on Management of Costs in Organizations; a Case Study of Mukwano Group of Companies
Download PDF
|
Cheptoek Ronet, Turyatunga Micheal, Dr Ariyo Gracious Kazaara, Kamugisha Nelson, Lukwago Ismail
|
Abstract:
The study's objectives were to determine the relationship between stock replenishment through procurement and management of costs at Mukwano Group of Companies, to establish the relationship between stock planning and management of costs at Mukwano Group of Companies, and to examine the relationship between stock controls and management of costs in organizations with a case study of Mukwano Group of Companies. The results showed a slightly decent relationship between utility companies' performance and stock planning in Uganda. Given that r=0.667 and the fact that the p-value for stock planning and performance was less than 0.050, the researcher accepted the relationship. Additional results from regression study showed that stock planning significantly impacts utility organizations' performance in Uganda (F=32.706, DF = 1, p0.05 (=0.000)). This suggests that improved stock planning can help utility businesses in Uganda function better.As according recommendations, electricity companies in Uganda, especially MGC, should spend more money on ICT for stock planning in order to make the process simple, effective, and efficient. This would ensure that stock outs are kept to a minimum and that adequate stock is maintained at all times. Utilities companies should hire stock planning professionals to advise them on how to create workable stock plans that will guarantee adequate stock all year long.
|
|
|
| | |