PRODUCTION PLANNING AND MATERIAL MANAGEMENT IN A MANUFACTURING INDUSTRY

Abstract

The main purpose of the study was to evaluate the impact of Production Planning and Material Management. To achieve this, the study examined the effect of production planning on operational cost and profitability in manufacturing industry, examine the effect of production planning and material management on organizational effectiveness and examine the effect of production planning and material management on productivity . The study finds significance in corporate organization, small and medium enterprise and government Cooperation as the study can be used as a guideline or reference material in formulation of their production planning and material management. The descriptive survey was adopted for the study. The research population consist of all staff within the Livestock Feed Plc, Benin City. Random sampling technique was adopted to select the sampling size of the study. The Instrument for data collection was a structured questionnaire, constructed in line with the research questions and submitted to the researcher's supervisor who corrected and validated the questionnaire. One hundred (100) questionnaires were distributed to respondents by the researcher's and returned, Data analysis was carried out using frequencies, percentages, cumulative percentage, tables and regression analysis was adopted for the hypotheses testing. From the findings of the study, it was observed that there is a significant relationship between operational cost and profitability on production planning and material management that there is no Significant relationship between organizational effectiveness and production planning and finally that there is no significant relationship between productivity and production planning and material management. From the above findings, the following recommendation were made: Organizations should set policies that encourages reduced cost and avoiding unnecessary expenditure by adopting an efficient production planning mechanism, organizational activities should be geared towards finding the best way to make purchases, allocate and better utilize production resources and management of the organization should adopt production planning and material as this leads to effective loss control.