Developing a manual inventory management system for the Uganda Institute of Banking and Financial Services
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Date
2022-05-03Author
Owori, Gerald; Nalubega, Shanita Masimbi ; Ampaire, Freda Phyllis; Namaemba, Sharon
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This study intended to develop a Manual Inventory System for the Uganda Institute of Banking and Financial Services. It was conducted for a period of five months from November 2021 to March
2022. The objectives of the project were to: Examine the methods of inventory management at the
Uganda Institute of Banking and Financial Services, Determine the challenges faced by the Uganda
Institute of Banking and Financial Services in the management of its inventory, Propose and design a
manual Inventory System for Uganda Institute of Banking and Financial Services to ensure efficient
and effective management in Inventory.
The study adopted a qualitative approach. Data was collected using a documentary review guide and
face-to-face oral interviews. A purposive sampling method was adopted to identify key informants
who were interviewed. These also directed the researcher to other knowledgeable informants. Data
were analyzed using documentary analysis and deep chronological assessment. Findings indicate
that the Manual Inventory System is commonly used at the UIBFS, with inventory kept including
reams of papers, Markers, computers, toilet papers among others. It also identified the challenges
faced by UIBFS including loss of inventory, difficulty in retrieval, wastage of time, inadequate
space, ordering too lessor little much, and limited funds.
Finally, the study developed a new Manual Inventory system designed in Excel, and this ensures
efficient and effective management of Inventory. This manual has three sheets which are, the
purchase record and recorder sheet, the Stock-In-Out, the balance sheet, and finally the Inventory
System Sheet.
This, therefore, breaks the established belief that Manual Inventory System cannot develop the
Uganda Institute of Banking Financial Services. The newly developed Manual Inventory System
will act as a reference for future researchers, on the aspect of the security of inventories