Application of Analytical Hierarchy Process to Inventory Management Practices in a Food Processing Industry in Lagos State, Nigeria

Because of the high cost of inventory, inventory management is critical for most organizations' success. This study focused on the application of the analytical hierarchy process (AHP) to inventory management practice in a food processing industry in Lagos State, Nigeria. A questionnaire was developed and administered to fifty (50) food processing industries between the period of September 2019 and November 2019. This was processed and analyzed using Spice Logic Software to the four (4) critical inventory techniques practiced. ABC Model 26.85, Just-In-Time (JIT) 32.3, First-In-First-Out (FIFO) 38.42, and Minimal Stock Level 35.02 have the highest overall priority of each inventory method, according to the results. As a result, in Lagos Nigeria, food processing industry, the preferred inventory technique was decided to be First - In First - Out (FIFO).