Assessment of Inventory Management in Parastatal Organisations in Tanzania: A case of VETA Kigoma

The primary purpose of this study was to Assess the Inventory Management in Parastatal Organisations in Tanzania, VETA Kigoma being taken as a case of focus. The study was guided by three research objectives namely, to examine the adherence to professionalism with respect to materials management, to examine the level of technology adopted to ensure inventory control and to examine the method used in evaluating inventory. 120 respondents were involved in the study, data were analysed using Statistical Package for Social Sciences (SPSS 16.0 for windows). Purposive sampling was used together information from the targeted respondents as the study wanted to obtain relevant data from the field in order to have viable findings. The study revealed that the centre had qualified personnel in materials management, the study realized that the centre had been using Materials Requirements Planning (MRP) technique to ensure inventory control, inventories were controlled electronically using inventory system called Microsoft dynamics – Navision. The study revealed that the centre used First In First Out (FIFO) system in evaluating or pricing stocks to ensure efficiency in stores operations. The study concluded that there was a notable improvement in materials management in parastatals unlike previous years where stores functions were done by unqualified people which resulted to unnecessary losses to the government