EFFECTS OF INVENTORY TRACKING ON ORGANIZATIONAL PERFORMANCE IN HOSPITALS IN KISII COUNTY, KENYA

Fiona Okenagwa, Dr. Robert Omundi Obuba

Abstract


Inventory management plays a critical role in the operational efficiency and financial success of organizations across various industries. This study sought to evaluate the pivotal role of inventory tracking practice on organizational performance of Hospitals in Kisii County. The study was based on Strategic Choice Theory. Since this study targeted to collect data which is quantitative in nature, a survey design was adopted. The unit of observation was all the departmental staff involved in inventory management either directly or indirectly, Procurement, Stores, Auditors, Hospital committee and inspection committee, a total of 832 respondents. Yamen formula was used to determine the sample size and proportion sampling used to distribute the study sample proportionately among the population categories. Data was collected using the questionnaires. Pilot study was being conducted in the hospitals of Nyamira County, which shares similar characteristics with Kisii County. Quantitative data collected was coded and entered into the Statistical Package for the Social Sciences (SPSS), then analyzed descriptively using means, and standard deviations and through linear regression. The study established that inventory tracking practices had a direct positive effect on organizational performance in hospitals in Kisii County. The study recommends that the County Government of Kisii and the respective hospital management should invest in modern inventory management systems, establish standardized protocols and procedures for inventory management across all hospital departments and implement data analytics tools to analyze historical consumption patterns and forecast future demand for medical supplies.

Keywords:  Inventory Tracking, Organizational Performance, Hospitals

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