Lean Inventory Practices and Operational Performance of Listed Oil and Gas Companies in Nigeria

Lean Inventory Practices and Operational Performance of Listed Oil and Gas Companies in Nigeria

Registration ID: IJNRD_202296

Published ID: IJNRD2309004

DOI: Click Here to Get

Nnadi, Kenneth Ugochukwu

Lean inventory practices, just in time, total preventive maintenance, total quality management, firm operational performance

This study investigates the relationship between lean inventory practices and firm operational performance in the oil and gas industry in Nigeria. The study considers lean inventory practices in terms of just in time, total preventive maintenance, and total quality management. The empirical analysis is based on cross-sectional data collected through a structured questionnaire instrument from 100 managers representing 10 companies that are listed in the oil and gas sector of the Nigerian stock exchange. All variables are measured using the Likert-type questions with 5 ordered options. The results from empirical analysis show that just in time, total preventive maintenance, and total quality management all have a positive relationship with firm operational performance. However, the effect total quality management is much higher in magnitude while the effect of total preventive maintenance is not statistically significant. The combined effect of the three lean inventory strategies significantly explains about 29% of the total variation in firm operational performance. Therefore, we contend that integration of lean inventory strategies in the existing business model would significantly enhance the operational performance of oil and gas companies in Nigeria.

Published Paper   E-Certificate

"Lean Inventory Practices and Operational Performance of Listed Oil and Gas Companies in Nigeria", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.8, Issue 9, page no.a22-a28, September-2023, Available :https://ijnrd.org/papers/IJNRD2309004.pdf

Volume 8 Issue 9, September-2023

Pages : a22-a28

Paper Reg. ID: IJNRD_202296

Published Paper Id: IJNRD2309004

Downloads: 000121214

Research Area: Management

Country: Port Harcourt, Rivers, Nigeria

Published Paper PDF: https://ijnrd.org/papers/IJNRD2309004.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2309004

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJNRD (IJ Publication) Janvi Wave

This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

Call For Paper - Volume 10 | Issue 8 | August 2025

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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (IJNRD) aims to explore advances in research pertaining to applied, theoretical and experimental Technological studies. The goal is to promote scientific information interchange between researchers, developers, engineers, students, and practitioners working in and around the world. IJNRD will provide an opportunity for practitioners and educators of engineering field to exchange research evidence, models of best practice and innovative ideas.

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