TITLE:
Assessing the Impact of Inventory Turnover on Quality Control: A Study of Manufacturing Firms in South-West Nigeria within the Context of Supply Chain Management
AUTHORS:
Gabriel Onuche Ubolo, Yusuf Salami, Abdulmalik Musa, Rex Ugochukwu Nwaubani, Nurudeen Abayomi Tijani
KEYWORDS:
Supply Chain Management, Inventory Turnover, Quality Control, Nigeria
JOURNAL NAME:
Open Journal of Business and Management,
Vol.12 No.6,
October
25,
2024
ABSTRACT: This study investigates the effect of inventory turnover on quality control in manufacturing firms located in South-West Nigeria. The research focuses on both senior and junior employees across ten selected manufacturing companies, chosen based on their extensive industry experience. A judgmental sampling technique was employed to ensure the inclusion of firms with significant backgrounds in manufacturing. The analysis was conducted using SPSS 27, a statistical software package, with regression analysis being the primary method used to test the hypotheses. The regression analysis reveals a significant positive relationship between inventory turnover and quality control, as indicated by a coefficient of 0.413. This suggests that for every one-unit increase in inventory turnover, quality control improves by 0.413 units. The statistical significance of the findings, with a p-value of 0.000, underscores the importance of inventory turnover as a key predictor of quality control within the studied context. These results highlight the critical role that effective inventory management plays in enhancing the quality control processes of manufacturing firms in South-West Nigeria.