IJMLS Volume III Issue 1
Permanent URI for this collectionhttp://197.211.31.166:4000/handle/123456789/911
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Item JUST IN TIME INVENTORY MANAGEMENT TECHNIQUE AND SUPPLY CHAIN PERFORMANCE IN PROCESSING FIRMS IN KENYA: A CASE OF CROWN PAINTS LIMITED(management university of africa, 2021-04) Penina Kibisu; Dr. Paul MachokaThe main objective of the study was to investigate the effect of just in time inventory management technique on supply chain performance in processing firms in Kenya with focus to Crown Paints Limited. This study analyzed several theories majoring on the deterministic inventory which deterministic models of stock control are utilized to decide the ideal stock levels in the company. This study adopted descriptive research design. Target population of this study was 279 staff working in various department at Crown Paints Limited. Stratified random sampling technique was used in this study to come up with a sample size of 81 respondents. Questionnaires were used to collect primary data. Qualitative and quantitative data was collected where quantitative data was coded in the SPSS (Version 22). Data has been presented using frequency tables and figures while interpretation has been done in prose form. Inferential statistics was used to establish relationship between just in time inventory management technique on supply chain performance. The study concluded that customer order cycle influence supply chain performance. There was significant relationship between customer order cycle and supply chain performance. The study concludes that supply chain cycle contributes to supply chain performance, and that there was significant relationship between supply chain cycle and supply chain performance. The study concludes that there was linear relationship between Takt Time and supply chain performance. There was significant influence of Takt Time on supply chain performance. The study concludes that pull system contributes to the supply chain performance. The study concludes that the overall significant relationship between pull system and supply chain performance. The study recommends that organizations should have multiple objectives like enhanced competitiveness, better customer service and increased profitability among other. To seek these objectives organizations should employ various defensive as well as offensive business performance improvement approaches. In order to receive an accurate result using takt time formula on supply chain performance, organizations should put both the production time available and the customer demand into frames. Goods should simply be produced according to the pace of consumption in the market a market demand-pull supply chain system.Item PORTER'S GENERIC STRATEGIES AND FIRM PERFORMANCE IN PETROLEUM MARKETING COMPANIES: A CASE STUDY OF VIVO ENERGY, NAIROBI, KENYA(management university of africa, 2021-04) Novah K. Omboga; Dr. Paul MachokaThe main objective of the study was to establish the influence of Porter's generic strategies and firm performance in petroleum marketing companies using Vivo Energy Limited as a case study. The business environment in emerging economies has witnessed intense competition among firms. Petroleum marketing companies in Kenya have had to face such conditions in a competitive environment prompting the firms to develop strategies that match their capabilities to market demands. The specific objectives of the study were: to examine how leadership cost strategy and focus strategy affect the firm performance of Vivo Energy Limited. The study was premised on the; resource-based view, competitive advantage and contingency theories. This study adopted a descriptive research design. The target population was 237 employees at Vivo Energy Limited. Stratified proportion sampling was used to obtain a sample of 108 respondents. Questionnaires were used for data collection. Data was analyzed using descriptive and inferential statistics to determine the relationship between the study variables. Pearson correlation analysis was carried out to establish the relationship between dependent and independent variables. The analysis of variance (ANOVA) was checked to reveal the overall model significance. The study established that there was a positive relationship between the cost leadership strategy and firm performance. Analysis also revealed that focus strategy had a substantial positive correlation, establishing that focus strategy and firm performance are fundamentally related, and that the variation in firm performance can be explained by a unit change in focus strategy. The study recommended that the management of Vivo Energy Limited should adopt cost leadership strategy that is focused on gaining competitive advantage by selling their products at average prices to earn higher profits than competitors in the sector or below the average industry prices to gain market share. It also recommends that Vivo Energy should consider employing focus strategies that are concentrated on narrow segment aimed at achieving cost advantage or differentiation.