Open Access Original Research Article

Impact of Inventory Management Practices on Small and Medium Enterprises Manufacturing Subsector In Oyo State, Nigeria

Kareem, Thompson Sola

South Asian Journal of Social Studies and Economics, Page 1-8
DOI: 10.9734/sajsse/2018/v1i425803

This study examines the impact of inventory management practices on the performance of SMEs manufacturing sub-sector in Oyo State, Nigeria.   A survey of 129 randomly selected from three (3) cities such as Ibadan, Ogbomoso and Oyo town.  The data collection instrument was a structured questionnaire designed for the study. Data were analyzed with the aid of descriptive statistics such as simple percentage and mean. Results reveal that inventory management practices have positive and significant impact on the performance of SMEs manufacturing sub sector. Furthermore, results also reveal that delay in delivery of materials, use of manual inventory management system/lack of technology, lack of professional personnel, holding too much/too little inventory, purchase of materials with a near expiration date, insufficient funds for procurement and use of outdated storage facilities are the major factors affecting effective inventory management practices in SMEs manufacturing sub-sector in Oyo State, Nigeria. Subsequently, the study recommends that SMEs operators/ mangers should be encouraged to adopt information technology in inventory management. Also, SMEs operators and managers should be encouraged to constantly attend conferences, seminars and workshops in Nigeria and abroad in order to improve their skills on inventory management.

Open Access Original Research Article

Implementation of Public Procurement Act and Government Performance: Evidence from Nigeria

F. Oyebamiji, Florence

South Asian Journal of Social Studies and Economics, Page 1-9
DOI: 10.9734/sajsse/2018/v1i425807

This study examines the influence of implementation of public procurement Act on government performance in Nigeria. Specifically, the study determines the extent of compliance with the Public Procurement Act, identifies factors affecting compliance with the Public Procurement Act and also examines the influence of implementation of the Public Procurement Act on government performance. Judgmental sampling technique was used to select 20 Procurement Officers in Ministries, Departments and Agencies, and Local Government Areas; 20 Accounting Officers from Permanent Secretaries, Heads of Agencies and Parastatal Organizations; 20 contractors, 20 Professionals-Quantity surveyor, 20 architects and engineers, and 20 Lawyers totaling 120 respondents as sample size for the study. Structured questionnaires designed for the study were used to collect the data. Analyzed data was performed with the aid of descriptive statistics and regression analysis. The result establishes that public entities comply with the public procurement Act 2007, but lack of structures and facilities to ease procurement process and pervading corruption in Nigeria have hindered the full implementation of the Act.  Furthermore, the study concludes that the implementation of the public procurement Act is a catalyst to transparency, accountability, efficiency, and value for money. Subsequently, the study recommends that there should be strong commitment and political will to implement the public procurement Act in all levels of government. This will metamorphose to transparency, competitiveness, accountability, and fairness in the award of government contracts.

Open Access Original Research Article

Materials Management and its Effect on the Performance of Manufacturing Sector: Evidence from Nigerian Cement Industry

F. Oyebamiji, Florence

South Asian Journal of Social Studies and Economics, Page 1-9
DOI: 10.9734/sajsse/2018/v1i425808

The study examined the effect of materials management on the performance of manufacturing industry with particular reference to the selected cement industry. Purposive sampling technique was employed to select Dangote Cement Plc, Ashaka Cem Plc and Lafarge Africa Plc, while judgmental technique was used to select ten (10) staff members from purchasing/store/ logistic department of the selected cement industry respectively, totalling thirty (30) respondents as a sample size for the study. The data collection instrument for the study was a structured questionnaire and a personal interview. Data analysis was conducted with the aid of multiple regression analysis. Result revealed that materials management dimensions jointly contribute significantly to firm performance.  The study further revealed that materials inventory, materials procurement and inter-departmental collaboration have an insignificant effect on firm performance, while only materials storage has a significant impact on firm performance.  The study concluded that effective materials management is a veritable tool to organization performance. Subsequently, the study recommended that management should embrace effective materials management especially in the area of materials inventory, materials procurement and inter-departmental collaboration, in order for the industry to achieve its vision of being a global leader in cement production and the largest employers of labour in the world by 2030.

Open Access Original Research Article

The Factors of Declining Agricultural Growth in Bangladesh and Its Impact on Food Security

Minhazur Rahman Rezvi

South Asian Journal of Social Studies and Economics, Page 1-9
DOI: 10.9734/sajsse/2018/v1i425810

Agriculture is an important sector of Bangladesh economy because it has a positive role in food security, employment and livelihoods. Around 84 percent of rural people rely on agriculture sector directly or indirectly for their livelihood. However, in last 17 years, the shares of agriculture in GDP are steadily declining. However, Bangladesh is the most vulnerable country in the world due to climate change. Based on secondary data, the study intends to describe the impacts of climatic causes on declining agricultural growth in the country. The paper also discusses impact of population growth, urbanization, loss of arable land etc on agriculture production of Bangladesh. The trend of declining agricultural growth has negative effect on food security. As a consequence of declining agricultural growth, food security has emerged a big challenge for Bangladesh. The paper analyses the impacts of declining agriculture growth on food security as well as other causes.

Open Access Original Research Article

E-Marketing and Organizational Performance: A Study of Five Manufacturing Companies in Oyo State, Nigeria

A. Ajiboye, Folasade, Ogunrinade, Ranti, O. Ayanleke, Samuel

South Asian Journal of Social Studies and Economics, Page 1-9
DOI: 10.9734/sajsse/2018/v1i425815

The information age holds a number of daunting challenges for modern organizations, and more specifically, modern marketers. These challenges have contributed towards a fast-changing and more complex environment for organizations. This study examines the effect of E-marketing on the performance of the selected business organizations in Oyo State, Nigeria. The purposive method was used to select five manufacturing companies operating in Oyo State while the simple random sampling technique was used to select fifty respondents for the study. Data collected through structured questionnaire was analysed with the aid of Mean and Regression Analysis. Results of the analysis show that e-marketing has a significant impact on organizational performance measured by effective decision making, customer satisfaction and sakes volume.  The study also confirms that unstable power supply, lack of government support, low level of education of the owners/managers of business organizations and Security of documents through e-commerce are major threats to the success of e-marking adoption. The study concludes that the survival of business organizations, especially in this globally competitive environment, pivots on e-marketing. Subsequently, the study recommends that the government should provide enabling environment for e-commerce to triumph in Nigeria.  Also, management of Nigerian business organizations should establish e-marketing unit, administratively and financially separate and independent from marketing department, and give it a prominent place in the organizational structure, to be able to perform its functions without associating with the marketing management or other administrations in the company.