Effect of Inventory Control Techniques on Organization's Performance at Kenya Medical Supplies Agencies

Abstract

For years, logistics companies in the field of medicine have faced a number of challenges especially in stock control which has influenced efficiency of their operations. The challenges identified include overstocking which results to out dated or expired products, under stocking, lack of inventory taking and theft by employees and delays in the order and delivery or medical supplies. Advances in information technology have drastically changed possibilities to apply efficient inventory control techniques. In addition, the recent progress in research has resulted in new and more general methods that can reduce the supply chain costs substantially. This study sought to determine the effects of inventory control techniques on the organization's performance. This study was carried out at Kenya medical supplies agencies. The study had four objectives, which examine the various inventory control techniques such as; Determination of various levels of materials, economic order quantity, perpetual inventory system, and ABC analysis technique. The research adopted a descriptive case study design. Stratified random sampling technique was used to determine the sample size. Data was analyzed through quantitative and qualitative techniques. This involved generation of numeric measures of the responses provided. Use of Statistical Package for Social Sciences helped generate descriptive statistics required for this data. Data was presented in tables and charts and interpretation made based on research objectives.