The study on the Impact of Stock Management on organizational success was conducted in Mukono district using Rwenzori Beverages (U) Ltd as a case study. A total of 30 respondents were selected as representative sample departments of purchasing, production and stores.
The objectives of the study were, to establish the inventory management systems and techniques in place, to find out the costs associated with holding stock in an organization, to establish the measure of success in an organization and to establish the relationship between stock management and organizational success
The findings indicate that Rwenzori Beverages hold stock. The findings reveal that there is formal stock management and several techniques are applied to manage stock which includes stock taking and inventory level tracking.
The research further reveals that many factors combine to bring the organizations success a reality. These according to the research findings are; total cost reduction, increase in daily sales and sales turnover, reduced waste, customer satisfaction and profit levels. Stock Management has got a big impact on the success of an organization. Therefore organizations need to put enough emphasis on the stores department
The research forwards some recommendations such as;
Costs: Management needs to be aware that there are a number of costs directly or indirectlyattributed to stock. These costs range from acquisition, storage and disposal costs. These costs need to be eliminated to absolute minimum.
Monitoring and evaluation; Precautionary measures therefore need to be put in place toguard against certain occurrences such as fire and theft. The researcher also put forward areas for further research and these are;
- Procurement and materials acquisition and organizational efficiency
- The relationship between stores department and other departments
- Buyer supplier relationship and operational efficiency
