Effect of Information Technology on Inventory Management in Oil and Gas Sector, South-South Nigeria
DOI:
https://doi.org/10.64137/31079423/IJEBMR-V1I2P101Keywords:
Information technology, Artificial intelligence, Network administration, Cybersecurity, Inventory managementAbstract
The study was on the effect of information technology on inventory management in the oil and gas sector, South-South Nigeria. Literatures were reviewed according to the variables identified. The design adopted for the study was a survey research design. The study employed a sample of 322 employees selected from a population that comprised all the selected oil and gas firms in South-South, Nigeria, through a stratified random sampling technique. The instrument used for data collection was a questionnaire. The split-half reliability method was used to determine the reliability coefficient of the data collection instrument. Experts from both industry and academia ascertained the face and content validity of the instrument. The results of the analysis using the Multiple regression model show that there is a significant effect of information technology (use of software, Artificial Intelligence, Network Administration, and Cyber security) on inventory management in the oil and gas sector in South-South, Nigeria. This means that the four variables of information technology (use of software, Artificial Intelligence, Network Administration, and Cyber security) predicted inventory management in the oil and gas sector in South-South, Nigeria. Based on these findings, it was recommended among others that Regulatory authorities and industry stakeholders should support these efforts by providing guidelines, funding incentives, and training programs that promote the effective use of information technology across the oil and gas sector.
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