COMPANIES

Abstract

This study focused on ABC inventory techniques and supply chain performance of midstream oil and gas companies in Rivers State. A correlational design was formulated to handle the hypotheses formulated for the study. The survey research method was adopted for the study on a population comprised of fifteen (15) midstream oil and gas companies in Port Harcourt. Subsequently, the simple random sampling method was adopted to draw two management staff from each of the identified companies, to arrive at four management staff for each company and 60 management staff for the whole sample. A 5-point likert-scale questionnaire was administered to 60 respondents, of which 53 copies of the questionnaire were returned, obtaining a 93% percent response rate. The study adopted descriptive statistics and the Pearson’s Product Moment Correlation technique course of action to establish that inventory management techniques dimensions; ABC inventory technique and vendor managed inventory, were helpful in relating to cycle time of delivery and order processing of midstream oil and gas companies. The results revealed that ABC inventory technique has a strong, positive, and significant relationship with cycle time of delivery and a moderate, significant and positive relationship with order processing. Therefore, the study concludes that ABC inventory techniques positively and significantly relates with supply chain performance of midstream oil and gas firms in River State, and recommends amongst others that, managers of midstream oil and gas companies should position strategically.