Expounding Just-in-Time Inventory Management Practice and Cost Leadership of Manufacturing Firms in Nigeria

Abstract:

The study examined Just-in-time inventory management practices on cost leadership of manufacturing firms, a study of De United Foods Industries Limited. The objective of the study was to ascertain the influence of just-in-time on cost leadership of De United Foods Industries Limited. The population of the study is 385 which consist of all the staff of inventory related departments and a sample size of 196 was selected. The study used quantitative method utilizing questionnaire to gather data from the respondents. Research data were analyzed using regression analysis. The findings indicate that there is a positive but not significant relationship between just-in-time and cost leadership of De United Foods Industries Limited (r=.077; β=.049; p=.388).