The Inventory Management of Selected Accredited Contractors of Iligan City

Abstract

This study deals with how accredited contractors in Iligan City manage their inventory by looking at their level of awareness on the importance of inventory control, their extent of usage of inventory control techniques and their purchasing practices. The study found out that contractors, when divided into different groups of license categories, exhibited a general awareness of the important effects of the usage of inventory control, with the exception of the small contractors who exhibited minimal awareness. The study further found out that the contractors in different category groups exhibited the same frequency of usage of inventory control techniques, that is, most of the time. Regarding the extent of usage of inventory control techniques, when the different contractor groups were tested with the one-way analysis of variance, no significant variance between their frequency of usage of the inventory control techniques was found. The relationship between the level of awareness and the extent of usage of the invento,y control techniques was tested with the least squares linear regression analysis and the relationship was found to be linear. Howeve,; even though the contractors are aware of the importance of invento,y control, they do not order the optimum order quantity.              The difference between the actual quantity purchased and the optimum order quantity is highly significant.