INVENTORY RECORD ACCURACY AND CORPORATE EFFICIENCY OF ALUMINIUM FABRICATION COMPANIES IN RIVERS STATE

Inyang, J.

Department of Management, Faculty of Administration and Management, Rivers State University, Nkpolu-Oroworukwo, Nigeria

Ogbonda, E.H.

Department of Management, Faculty of Administration and Management, Rivers State University, Nkpolu-Oroworukwo, Nigeria

and

Gbarale, K.

Department of Management, Faculty of Administration and Management, Rivers State University, Nkpolu-Oroworukwo, Nigeria

ABSTRACT

This study investigated the relationship between inventory record accuracy and corporate efficiency, focusing on goal alignment, time efficiency, and effective resource utilization among aluminium fabrication companies in Rivers State, Nigeria. Corporate efficiency is essential for sustaining competitiveness and profitability, particularly in Nigeria’s manufacturing sector, where firms face challenges such as rising production costs, limited infrastructure, and inconsistent material supply. The study adopted a correlational research approach, utilizing structured questionnaire administered to inventory and operations personnel in selected aluminium fabrication firms. Using the Pearson Product Moment Correlation, data analysis revealed a significant positive relationship between accurate inventory records and improved corporate efficiency across all three indicators. The findings suggest that firms with high inventory record accuracy experience better operational coordination, reduced delays, and more strategic use of resources. This study contributes to the limited body of literature on inventory management practices in the aluminium fabrication industry and provides practical insights for improving internal control and efficiency in similar manufacturing contexts.

Keywords: Inventory record accuracy, corporate efficiency, goal alignment, time efficiency, resource utilization.