The Effect of Logistics Management on Firm Performance in Selected Food and Beverage Firms in Lagos State, Nigeria
Abstract
Organisations perform various logistical operations so as to meet their customers’ needs and sustain development. The study sought to address the following specific objectives: to examine the effect of transport management on delivery speed; evaluate the influence of inventory management on organisational productivity; and ascertain the effect of information flow management on operational efficiency. Coca-Cola Nigeria Plc, and Cadbury Nigeria Plc, Lagos State were purposively selected for the study, and the study’s population includes 883 employees of the studied firms. Two hundred and seventy-five (275) employees were selected using a simple random sampling technique. The survey data collected were analysed using descriptive statistics to achieve the mean and frequency distribution percentage of data collected, and an inferential statistical tool (linear regression analysis) was used to test the study hypotheses with the aid of SPSS version 26. The findings of the study showed that transportation management affected delivery speed with an R-value of 0.605; that there was a strong relationship between inventory management and organisational productivity with an R-value of 0.811, and that there was a strong relationship between information flow management and operational efficiency with a Pearson correlation value of 0.796. This study, therefore, recommended that factors associated with logistics management need to be considered by the organisations in their strategic plans as it will contribute significantly to the sustainable development of the Nigeria economy.
Keywords
Transportation Management, Operational Efficiency, Logistics Management, Sustainable Development
Citations
IRE Journals:
Ganiyu, Taofeek Idowu , Sulaiman, Muhammad Faarouq
"The Effect of Logistics Management on Firm Performance in Selected Food and Beverage Firms in Lagos State, Nigeria" Iconic Research And Engineering Journals Volume 8 Issue 4 2024 Page 224-244
IEEE:
Ganiyu, Taofeek Idowu , Sulaiman, Muhammad Faarouq
"The Effect of Logistics Management on Firm Performance in Selected Food and Beverage Firms in Lagos State, Nigeria" Iconic Research And Engineering Journals, 8(4)
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