INVENTORY MANAGEMENT PRACTICES AND SUPPLY CHAIN PERFORMANCE OF MIDSTREAM OIL AND GAS COMPANIES IN RIVERS STATE

Abstract

This study focused on inventory management techniques and supply chain performance of midstream oil and gas companies in Rivers State. The study reviewed literatures on inventory management techniques and supply chain performance and anchored the study on the contingency theory. This theory states that organizations adapt their structures to maintain fit with changing contextual factors. Failure to attain a proper fit between structure and environment results in inferior outcomes (typically, the outcomes are some aspects of performance).  The study concludes that inventory management 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, ABC inventory techniques and vendor managed inventory to their firms’ cycle time of delivery and order processing to achieve definitive supply chain performance.