The Executives

Abstract

This research examined inventory control management of Abumorako and Sons Oil and Gas towards organization development. The source of data collection for this study was primary source of data. Data collected for the study, was analyzed using SPSS 16.0 statistical method to enable the research draw inferences if there is a significant relationship between the dependent variable and the independent variables as stated in the study. The findings revealed that there is a significant difference between profitability and lead time, as well as between cost saving and stock-out. It was observed that inventory practices, policies, and control system enhance their profitability by constantly using its resources to generate revenues in excess for the organization, the organization should deliberately ensure that unnecessary cost are minimized to enable them to constantly increase their profile base. The organization should effectively and timely adopt Economic Order Quantity (EOQ) process, between the initiation and execution in placement of an order and delivery of products. The organization should consciously ensure that they do not run out of stock to avoid their inventory to be exhausted.

Keywords: Inventory control; management; organization development.