The impact of product storage and its management techniques in sustaining profit in maximization - case study of Nigeria Port Authority, Lagos Department: Purchasing and Supply By: Eniolamoses Project ID: 8773 Rating: (5.0) votes: 1Rate this project12345 Price:₦5000 Get the Complete MaterialAbstractThe strategic role of effective product storage and its associated management techniques has become increasingly significant in sustaining profit maximization across diverse industries. This study investigates the impact of product storage and its management techniques in sustaining profit maximization, using the Nigeria Port Authority (NPA), Lagos, as a case study. The research is premised on the recognition that poor storage practices and inadequate inventory management are critical contributors to profit leakages, delays in cargo handling, and increased operational costs within maritime logistics operations. The study employed a mixed-method research approach, combining both primary and secondary data sources. Structured questionnaires were administered to storage and logistics personnel within the Lagos division of the NPA, while qualitative insights were gathered through interviews with key administrative officers. Quantitative data were analyzed using descriptive statistics and regression analysis to establish the relationship between storage practices and profitability indicators. Findings reveal that the adoption of modern storage management techniques—such as automated inventory systems, real-time tracking technologies, and space optimization strategies—has a statistically significant positive effect on operational efficiency and profit margins. Furthermore, effective storage reduces product damage, minimizes delays in cargo clearance, and enhances customer satisfaction, thereby strengthening the overall competitive position of the Nigeria Port Authority. The study concludes that investment in storage infrastructure and training of storage personnel are pivotal in achieving sustainable profit maximization. It recommends the implementation of integrated logistics software and continuous professional development for staff to align with global best practices. These measures are essential for positioning the Nigeria Port Authority as a leading logistics hub in West Africa. Keywords: Product Storage, Storage Management Techniques, Profit Maximization, Nigeria Port Authority, Logistics Efficiency, Maritime Operations...Preview Download Preview +Other Purchasing and Supply project topics and materials you might be interested in»The impact of material management on organization productivity»The role of physical distribution function in a manufacturing company (A case study of 7up bottling company Aba) »The impact of new product development on performance of commercial banks in Nigeria (a case study of three banks in Owerri) »Stock control: a tool for the attainment of organizational objectives in a manufacturing company (a case study of PZ industry Aba, Abia state) »The need for effective stock control in an organization (a case study of Jacobs wine limited, Mgbidi)»The impact of manpower training and development on purchasing personnel in the manufacturing industry (a case study of PZ Cussons plc)»The need for efficient supply management in the public sector (a case study of ministry of finance Imo state)»The impact of the application of health and safety regulations in stores (a case study of consolidated brewery, Awo-Ommama) »The need for training and development of suppliers personnel in the public sector (a case study of ministry of agriculture and natural resources) »Impact of store functions on achieving organizational objectives»Effective purchasing planning as a cost reduction tool in the manufacturing industry»Impact of stock taking as a control measure in a manufacturing company»The role and contribution of purchasing and supply in the profitability of an organization - a case study of Nigerian Bottling Company Plc, Owerri»The roles of effective distribution channels on customers satisfaction»The impact of effective and efficient stock control in a manufacturing organization