An investigation into inventory management sytems' efficiency for production improvement at Navachab Gold Mine
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Date
2022
Authors
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Publisher
University of Namibia
Abstract
The study focused on the inventory management sy tems' effi ciency fo r production
improvement at Navachab Go ld Mine. The study was guided by the fo llowing obj ective ยท
to investigate factors that contribute to high non-moving inventory, factor contributing
to understock and overstocking and factors contributing to high expiry and ob olete
inventory at Navachab Gold Mine.The research used a sequential explanatory mixed
methods approach using quantitative and qualitative research methodology. By u e of
simple random sampling, 97 respondents from Ore Processing, Engineering, Human
Resources Management and Procurement department were selected. The study u ed both
closed and open ended questionnaire to collect data. The findings of the study revea led
that Navachab Gold Mine orders its stock depending on the demand from end u er and
their fo recasting of inventory levels. The fi ndings also showed that Navachab Go ld Mine
makes use of the speculative purchasing policy when making order from upplier .
Navachab Gold Mine has a strong data center fo r it tock such as receipts, invoice which
help in keeping record of all the relevant price o a to carry out a stock va luation.
Navachab Gold Mine al o does quarterly stocktaking and inventory tracking. Ba ing on
the findings the inventory management ystem at Navachab Go ld Mine is ffective,
however a few factor including end user ' demand and foreca ti ng on inventory I el ,
management styles, procurement staff competency, hinder inventory managem nt
activities and hence production at Navachab Go ld Mine. It can therefore be concluded that
inventory management systems' effi ciencies are interrelated to production performance
of an organization. From the fi ndings, it was evident that proper inventory managem nt
y tems could lead to efficiency and effectivene in both production and organizationa l
ervice delivery by avoid ing over tocking and under t eking, havi ng the right tock at
the right time and in the right quantity, Navachab old Mi ne can improve it in ent r
management by fo llowing the recommendation gi en
Description
A thesis submitted in partial fulfilment of the requirements for the Degree of Master of Business Administration
Keywords
Inventory management sytems, Navachab Gold Mine, FORESTRY, AGRICULTURAL SCIENCES and LANDSCAPE PLANNING::Plant production, Namibia, University of Namibia