The challenges of information and communication technology to inventory management in a production company Department: Accountancy By: AdeleyeJoshua Project ID: 9580 Rating: (5.0) votes: 1Rate this project12345 Price:₦5000 Get the Complete MaterialAbstractThis research work is on“the challenges of information and communication technology in inventory management in a production company using Dangote Cement Company, Obajana, as the study area. A descriptive survey research design was adopted in the study. The methods of data collection were primary and secondary methods of data collection. The primary data were collected using a questionnaire. The researcher analyzed the data collected based on the responses from the questionnaire distributed. From the population of 120, a sample size of 92 was chosen using the Taro Yamane formula. Frequency counts, percentages and chi-square were used to analyze the research questions, from which the following findings were drawn. The findings revealed that information and communication technology has a positive effect on inventory management in a production company. There significant relationship between inventory management and the performance of production company and there are challenges in the use of ICT in inventory management in production company which includes inadequate resources, absence of consistent ICT associated applications, price factors, and concerns with right to use of ICT are challenges of the use of ICT in Production Company, absence of trust and legal, cost of ICT hardware. Based on the above findings, it is recommended that the management of Production Company collaborate with software developers in Nigeria to develop an ERP replica that is efficient, effective, and affordable for inventory management and other operations in the industry. Governments also have important roles to play in order to remove the digital divide by cutting taxes imposed on imported ICT products, relaxing the market for ICT hardware, telecommunications, and the internet business....Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»The impact of development finance institutions (DFIS) in economic development of Nigeria»Auditing in Nigeria companies, problems and prospects»Effect of misrepresentation of information in a financial statement»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )