INVENTORY CONTROL SYSTEM AND PROFITABILITY OF TRADING ENTERPRISES IN GOMBE METROPOLIS, NIGERIA
The extent to which inventory control system affects profitability of manufacturing and trading businesses in Nigeria has been a subject of debate. The aim of the study was to investigate the extent to which inventory control system can impact on profitability of trading enterprises in Gombe metropolis in Nigeria.Data for the study were obtained from questionnaire designed on a five (5) point Likert scale. The questionnaire were administered on ninety-one (95) respondents comprising owners and employees in seven (7) wholesale and eleven (11) retail trading outfits operating in Gombe metropolis. Sixty-five (65) respondents representing 69percent response rate returned their questionnaires. The responses were analyzed descriptively using mean () score of non-parametric statistics shown on a graph. Results of analysis, indicated that many of these enterprises did not have reliable inventory control system in their various enterprises though there was a reasonable agreement among the respondents that institution of this entrepreneurial planning and control tool was feasible and could have positive impact on profitability. The study recommended that stock taking and inventory control in trading enterprises should be made compulsory by Law for growth and profitability of the sector in Nigerian economy.