Significance of the Study

The researchers anticipate that this study will be importance to the following:

For the Business Owners – this research may help present and aspiring

entrepreneurs in the venture of their business by providing information on the proper

practice of inventory management as a driver of business profitability.

For the Managers – this study is specifically helpful for them with regards to decision-

making as this can help in ascertaining the effectivity of their practices in inventory

management and its relation to the profitability of the business.

For the Shareholders – this is primarily beneficial for shareholders to measure the

performance of the corporation where they invest in as to considering the factor of what

are the effects of inventory management as driver to profitability, which will determine

the standing of their investment and reliability to its management.

For the Purchasing Officer – a purchasing officer may find this helpful in further

understanding or learning of the proper techniques in obtaining inventories for the

enterprise.

For the Certified Public Accountants – this will serve as preliminary reference for

them (especially those on the practice of auditing) in improving their knowledge about

entities’ practical handling of inventories and its impact to profitability that is necessary

for expressing a credible opinion regarding the performance of the enterprise.

For the Future Researchers – the results of this study may help future researchers

in improving their research that is parallel to the aforementioned.