EVALUATION OF THE EFFECT OF MATERIAL CONTROL SYSTEM ON REVENUE GENERATION IN GUINNESS NIGERIA PLC

Abstract

Given that fast moving consumer goods companies experience material waste in the course of production, there is therefore the need for fast moving consumer goods companies to have improved ways and strategies of managing material resources in order to reduce wastage in value chain and thus augmenting productivity. Unfortunately, scanty empirical evidences on materials management and productivity, particularly of Fast-Moving Consumer Goods (FMCG) companies in Nigeria are available. This study therefore was carried out with the view to assessing the effect of materials control system on revenue generation of Guinness Nigeria Plc. This study data was obtained from primary sources. They were gathered using questionnaire structured on the basis of the research hypothesis, which was presented to the respondents to express their views, opinions, and observations. The researcher sampled the employees in procurement department of Guinness Nigeria Plc using simple random sampling. The researcher however made use of 200 respondents for this study. Following the major findings of this study, a correlation of .977 which showed a strong direct correlation between material control system and revenue generation while p-value of 0.001 which is considered less than 0.05. On the backdrop of the aforementioned analyses the null hypothesis is at 5% level of significance is rejected while the alternative hypothesis is accepted. Thus the analysis inferred that there is significant relationship between material control system and revenue generation in Guinness Nigeria Plc Based on the findings of this research study, the following recommendations are made, applying general safety principles such as proper work practices, equipment, and controls will help reduce workplace accidents involving the moving, handling, and storing of materials. Employees should know and understand the potential hazards associated with the task at hand and how to control their workplaces to minimize the danger when moving materials either manually or mechanically. Unquantifiable number of injuries can arise from improperly handling and storing materials, so workers should also be aware of accidents that may result from the unsafe or improper handling or management of equipment as well as from inappropriate work practices.