Effect of Material Control Practices on Financial Performance of the Kenya Meat Commission in Kenya
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Date
2020
Authors
Sigat, Mohamud Aminazahra
Chege, Wambui Peris
Journal Title
Journal ISSN
Volume Title
Publisher
IJCAB Publishing Group
Abstract
Effective implementation of material control practices significantly improves the effectiveness of
purchasing decisions and thus improved firm performance. To achieve this goal, material control
practices must be fair, competitive and must control costs. However, in spite of the immense
attention given to procurement practices and financial performance and the relationship that exist
between the two constructs many organisations both private and public continue experience mixed
performance. Anchored on the resource based theory the study sought to determine the effect of
material control on financial performance of the Kenya meat commission. Descriptive Research
Design was used. The study population comprised of Kenya Meat Commission headquarters in
Athi River, Ladhies branch in Nairobi, Mombasa deport and the user department in Athi River.
Since the population was small and of manageable sizes, a census study was done. Semi structured
questionnaires was used to collect primary data. The respondent argued that the inventory
quantities are very important in ensuring that these effective and efficiency in the operation of
Kenya meat commission and ensuring that there is constant supply of meat to the users in Nairobi
and its environment. It was evident that material planning control system (mean of 4.75) greatly
affected the performance of Kenya meat commission. The finding on distribution material in Kenya
meat commission as indicated by a mean of 4.00 presented that it greatly affected the financial
performance of Kenya meat commission. The study concluded that the relationship between
material control and financial performance of meat commission was positive and significant.
Description
A Paper Published in International Journal of Business Management, Entrepreneurship and Innovation
Keywords
Material Control Practices, Financial Performance, Kenya Meat Commission
Citation
Aminazahra, S., & Chege, P. (2020). Effect of Material Control Practices on Financial Performance of the Kenya Meat Commission in Kenya. International Journal of Business Management, Entrepreneurship and Innovation, 2(2), 105-111. https://doi.org/10.35942/jbmed.v2i2.121