Relationship between inventory management and profitability of selected restaurants in Tagaytay City, Cavite /
by Rhona Mae L. Macalindong, Piel Canella U. Manalili and Mark Chan T. Manso.
- Indang, Cavite : Cavite State University- Main Campus, 2022.
- xvi, 97 pages : illustrations ; 28 cm
Thesis (Bachelor of Science in Accountancy) Cavite State University.
Includes bibliographical references.
College of Economics, Management, and Development Studies (CEMDS) College of Economics, Management, and Development Studies (CEMDS)
MACALINDONG, RHONA MAE L., MANALILI, PIEL CANELLA U., MANSO, MARK CHAN T. Relationship Between Inventory Management and Profitability of Selected Restaurants in Tagaytay City, Cavite. Undergraduate Thesis. Bachelor of Science in Accountancy. Cavite State University, Indang, Cavite. August 2022. Dr. Dolores L. Aguilar, CPA.
Inventory plays a crucial role in every business, as it is the commodity that is being sold; consequently, this could impact the profitability of every organization. For many businesses, inventory management is essential to profitability and sustainability. As a result, management must give it attention and priority. The study was conducted from September 2021 to June 2022. The study's specific goals were to ascertain the demographic profile of the employees working in the Tagaytay City restaurants, the business profile of the establishments where they are employed, the level of inventory management implementation, the profitability of the company, and the association between inventory management and profitability. The study considered the use of descriptive and correlational research designs. Survey questionnaires and online survey platforms, particularly Google forms for the surveys involving 100 employees of chosen restaurants were used to collect primary data. It was revealed that most of the participants are men with an age range of 23 to 27 years old. The overall median score for inventory management implementation is 5 which suggests that the essential inventory management procedures were closely followed. The median score of 5 for profitability indicated that restaurants in Tagaytay City were profitable. The findings of Somer's Delta showed a correlation between restaurant profitability and inventory management. A moderate positive asymmetric association between inventory management and profitability was discovered. The study recommended to constantly assess and monitor the business implementation of inventory management and use key performance indicators to assess financial performance.