Contribution of Stock Control Practices to the Sustainability of Hospitality Establishments in Abia State, Nigeria

Abstract

This work evaluated the stock control practices and its contributions to the effective management and sustainability in hospitality establishments within Umuahia North and Umuahia South L.G.A. The data for this research was collected using a questionnaire. Simple percentages were used to analyze the data generated for the study. The research revealed that the hospitality establishments in the study area adopt inventory control measures in their operational activities. The first- in- first- out (FIFO) was the most commonly used inventory control practice in the study area. The study also revealed that the hospitality establishment in the study area perceived sustainability procedures of incorporating economic aim, environmental aim and social aim as positive for the growth of the hospitality establishments. The study also showed that the practice of stock control has positive effect on the profit margin of the hospitality establishment in the study area. Based on the findings recommendations were made.