Please use this identifier to cite or link to this item: http://hdl.handle.net/10321/1198
Title: Perceived effectiveness of municipal financial management on the performance of inventory stock management in local government of South Africa
Authors: Nzuza, Zwelihle Wiseman 
Lekhanya, Lawrence Mpele 
Keywords: Municipal financial management (MFM);Effectiveness;Economically;Transparency;Inventory stock management
Issue Date: Mar-2014
Publisher: International Foundation for Research and Development (IFRD)
Source: Nzuza, Z.W. and Lekhanya, L. M. 2014. Perceived Effectiveness of Municipal Financial Management on the Performance of Inventory Stock Management in Local Government of South Africa. Journal of Economics and Behavioral Studies. 6(3) : 251-261.
Abstract: This paper reports on the perceived effectiveness of municipal financial management (MFM), on the performance of inventory stock management, by South African local government. The study aimed to evaluate and discuss various factors affecting the effectiveness of MFM on the performance of inventory stock management, in a local municipal government of South Africa, with specific reference to the Kwa-Zulu Natal (KZN) Province. The MFM Act was used as a theoretical framework for the study, and a quantitative research method was applied. The questionnaire was formulated based on information obtained from the literature, and was distributed to only one KZN local government department. The sample consisted of 57 respondents, selected using a census sampling method. The results indicate that there is significant relationships between experience and performance of inventory stock management (p=.003a,b*), experience and effectiveness/efficiency of MFM (p=.000a,b*),as well as experience and the economic viability of MFM (p=.000b,c*).Interestingly, the respondents also indicated that, although there is good inventory stock management, there is a weak relationship between the effectiveness/efficiency, economic viability, and transparency of MFM. This study recommends that further research should aim to advance financial management skills in South African local government, in order to build financial management capacity to deal with inventory stock management issues. This should enable communication with other related structures and improve the understanding of each other’s efforts in the organization.
URI: http://hdl.handle.net/10321/1198
ISSN: 2220-6140
Appears in Collections:Research Publications (Management Sciences)

Files in This Item:
File Description SizeFormat 
lekhanya_j6_3_9__1__2014.pdf772.94 kBAdobe PDFThumbnail
View/Open
Show full item record

Page view(s) 50

388
checked on Nov 21, 2018

Download(s) 50

315
checked on Nov 21, 2018

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.