Browsing by Author "Mbuva, Geoffrey"

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    Owners’ perceived transaction value and profitability of selected small medium enterprises in Machakos Town, Kenya
    (iajournals, 2024-10-23) Muriuki, Vivian Nyokabi; Mbuva, Geoffrey
    Small and Medium Enterprises are pivotal economic contributors in any economy. Be it an upcoming or developed one. However, the conceptual linkage between SME owners’ perception of digitized transactions and the profitability of this nature of firms remains a puzzle in the academic arena. This study evaluated the effect of SME owners’ perception of digital transactions on the profitability of SMEs in Machakos County. More specifically, this inquiry aimed at determining the effect of SME owners’ perceived transaction value on the profitability of SMEs in Machakos County. The study was underpinned by the following two theories technology acceptance theory, and profit maximization theory. The study used causal research design. The 4,136 SMEs operating in Machakos Town represented the study population where stratified, convenience and simple random sampling methodology was used to select the sample size which was 414 SMEs. To collect data, a drop-and-pick approach was relied upon whereby all the structured questionnaires were distributed to research participants who were the owners or top officials of the SMEs. To analyze the data collected the researcher relied on both descriptive and inferential approaches. The research findings portrayed that SME owners’ perceived transaction value had statistically significant effect on profitability of selected SMEs in Machakos Town, Kenya. To the top management of SMEs in Machakos Town, the research findings will aid them in decision making process such as giving preeminence the dimension of digital transactions as compared to manual approaches for innovation evolution is already up and running in the whole world which is more efficient and effective in executing most of the business transactions. The government agencies involved in promoting the wellbeing of SMEs such as Micro and Small Enterprises Authority (MSEA) will be guided in policy making process of creating of an enabling environment for SMEs. The study outcome will be beneficial to FinTech service providers to recognize the advantages and drawbacks of the online products they supply to their clients such as SMEs so as to tailor make them fully to ensure customer retention in future which will guarantee sustainable profitability amongst SMEs.
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    Vendor Managed Inventory on Financial Performance of Flour Processing SMEs in Nairobi City County, Kenya
    (International Academic Journal of Economics and Finance, 2025-04) Ng’ang’a, Charles Njoroge; Mbuva, Geoffrey
    Small and Medium Sized manufacturing firms involved in processing flour play a key role in mitigating food insecurity issues in most of the economies. Be it developed or emerging ones. However, the Nairobi City County based flour processing Small Medium Enterprises (SME) has not been exempted from declining financial performance in addition to other small firms over the years. Therefore, this inquiry aimed at determining the influence of vendor managed inventory on financial performance of flour processing SMEs in Nairobi County, Kenya; To underpin this investigation, the researcher considered twofold theoretical viewpoints, namely; lean inventory theory and economic order quantity theory. This inquiry incorporated descriptive survey research design to develop the research problem. The 18- Nairobi City County based flour processing Small Medium Enterprises (SME) is the size of the populace selected for the purposes of achieving the study’s main objective with the corresponding 18 top officials of the aforementioned SMEs being used as the unit of observation. Further, it should be noted that since the populace was dismal, the researcher planned to rely on survey methodology for data collect purposes. The whole process of collection of the data aforementioned was based on a drop and pick approach whereby structured questionnaires were used as the tool for that purpose. The research findings portrayed that vendor managed inventory had statistically significant influence on the financial performance of flour processing SMEs in Nairobi City County, Kenya. Majority of the respondents were of the opinion that firms should direct their efforts toward adopting advanced forecasting tools and data analytics, leveraging these technologies to gain better insights into customer demand patterns, ultimately reducing the risks associated with shortages or excessive inventory. The study recommendations were as follows; comprehensive inventory management studies that explore the combined impact of various strategies, including JIT, EOQ, and lean inventory, on financial performance should be conducted. The studies would provide insights into the synergies and trade-offs between these practices. Comparative studies would assess the effectiveness of different inventory management strategies, taking into account their combined application. These studies can help businesses identify the most effective combinations of strategies for their specific contexts.