Literature Matrix
Literature Matrix
Topic: Inventory
Notes:
1. You can add rows.
2. Put your proposed title as the last research (and try to fill up to Statistical Tools if possible).
Effects of inventory management practices in the
Title: performance of feeds dealer
> Vendor Management > Total Inventory Holding > Regression Model
Inventory Cost > Coefficient
> Just-in-Time > Stock-Turn Rate > Standard Deviation
> ABC Analysis > Return on Investment
> Economic Order > Stock-outs Rates
Quantity
> Ordered Inventory
Material Requirement > Current Inventory > Simulation Analysis
> Ending
Planning Inventory > Lost sales
> Placement of orders
> Inventory turnover ratio > Gross Margin > Mean
> Raw material turnover > Standard Deviation
ratio > Coefficient Turnover
> Work in process
turnover ratio
>
> Inventory turnover ratio > Management efficiency a> ABC analysis
Finished goods
turnover ratio > Pareto diagram
> Inventory Management > Business sustainability > Inventory
Classification Matrix
> Owners and Managers > Inventory System > Correlation Analysis
Major Findings:
> The research study found out that on time
performance, flight dispatch reliability and shop
productivity is affected by the inventory management
Practice, Aircrafts are grounded due to unavailability of
Inventory
inventory and management additionaliscosts a supply are incurred chain determinant to recover of
performance.
from the AOGTextile situations firms in Nairobi
County
> The research appear to be conscious
finding revealedof thatthethe importance
organization of
has good management
inventory infrastructure,inITthe technology
supply chain and have support
The
fromhave
and simulation
the management.
put clear model may
mechanisms However, be used inDemandto capture
place and all the real
uncertainty,
invested in
life activities
Inefficient
current material at
internal theflow retail
process
systems outlet by imitating
andtoLack of awareness are customer
arrival,
the challenges
oversee customer
smooth inand order
implementing pattern, demand
transparent the material
inventory pattern,
flow that etc.,
canfor
This study attempted to investigate the relationship
perishable
management
be tracked products.
along practice a supply Onein EAL.as may evaluate
chain. a result of this Inventory the inventory
between inventory
performance
Systems
is not well such and
managed as also
ERP, in fixVMI,
way thethat inventory
EOQ, itand and
improves parameters
RFI the have in
management, firm performance capital intensity.
As
order it
potential is
operational evident
to achieve
to optimize that
performance customer
the desired
inventory of the is
service
and now a day’s
levels or
material
organization. king of the
optimized
flow.
Three
market
service and levels. his/her/their
But it is difficult satisfaction to identify is theand most capture all
measurements were used in this study, namely (1) ROA
important
problems
Conclusion: factor
that may arise in real life
as a
in every
environment
The study type/set-up throughofthat
concludes business,
simulation. whether
Therefore, it isthe organized
smart is
measurement for financialthat inventory
performance, management
(2) ID, number
or
a unorganized
decision is to start retail with sector,
a pilot whether
program it is
to small,
check medium
the
ofprocess
days that is continuous in the organization and
or large
results
therefore obtained from the design parameters those are
inventory there was held is always as a measurementneed for managing of inventory inventory
scale
fixed
throughout business
by simulation
using etc. model.Due to Themany changes
necessary in the lifestyle,
adjustment
Previous
management researches anda certain predicted technique negative good inventory
relationship
purchasing
can be
management
between done power,
if it is
can intensity easy
required
lead to loan
good so through
that
performancea banks
lot of etc,
in anthere
saving can be is
(3) CI, theICP capitaland firms profitability.
measured The by dividing fixed
a shift
done.
organization. in
One the case situation areisto inelucidated in order theto
results
assets by of thisthe With research respect the
linefindings with the ofprevious research
satisfaction
reinforce
study, the level
salient of customer’s expectations. They
findings.
total ofitfixed
isThe conclusive
findings
assets and that
indicate inventory
inventory. that Prior management
Inventory research
evaluate
features
practices
conversion every
of the
impact
period small
concept. detail
significantly
has an In thoroughly
this
inverse the paper, operational and,
an
relationship inventory
attempt withisfirms‟
Findings
(Fullertonofetthe al.,Study:
management
made
performances
profitabilitytorespondents
demonstrate
i.e.of when Ethiopian theICP
the usefulness
Airlines.
days The of the ARENA
implementation
A.
2003;TheCannon, 2008) agreed
concerned that the
samples following of stock
technique
simulation
of an effective is
tool an important
for
54 the
inventory evaluationfactor
management which
of affects
inventory andthe
increase
taking
manufacturing the profitability
strategies have
industries much of firm decreases
influence on leads
safeguarding to many
vice
shopping
performance
benefits
versa. in
These behavior
the for organization
results and
perishable retailer’s
complied products.
includingwith margin.thoseensuringRetailer’s on time
of inventory
using different shrinkage
performance in large-scalemeasurement retail outlets.
variables
financial
performance,
from studies performance bymeeting
Raheman theinventory
production
and Nasrspot targets
(2007), Deloof
suchSubjecting
as market items to an count.
or profitability
maintenance
(2003), Garcia-Teruel is very
shop much
productivity
and dependent which
Martinez-Solano ison the customer
associated with
A four-monthly inventory
value and different measurement variables for inventory counts.
satisfaction
operational
(2007) and and to attain
efficiency.
Falope and While this there
Ajilore they(2009) are
are trying
different
who veryinventory
found hard
Periodic
management,
Major Findings: inventory count.
using
management
negative relationship practices, betweenthe findings
ICP andofinventory
this research
such
The Continuous
as inventory
study further inventory turnover.
revealed count. However,
that themanagement
Inventory turnover
innovative
study establish
profitability orof traditional
that
firms. Ethiopian
The inventory
relationship Airlines in likely
this to
study benefit
is
usedCounting
management for ofpractices
stock delivered are by vendors
responsible for/ the suppliers.
techniques.
from Economic
significant In
because this
Order study, Quantity various model, variables Vendor are Managed
Complying
manufacturing
operational withfirms
performance allfor every
approved
involved indicatorsone
with day
procedures
JITof procedure
the SMEs. and is The not
considered
Inventory
decrease and
of to
ICP determine
Bar-coding
the increase theinventory in profit models.
was 0.12And percent.
processes
much
effect used during
in the inventory count.
level
information
Finally ofisthesaid to besatisfaction
shopping technology
firm size,Chief
at a greateramong
current (information ratio
extentshoppers
and
in all indicators.
sharing)
financial willofhelp
debt Indore to
ratio
The Reporting
Malaysianstudy to the
construction
established that Financial
firms. the This
companies Officer
study was(CFO) after
conducted
recorded
and
have
are Bhopal
accurate city. and up to date inventory record across
onisathe
stock
It
better quite
sample variables
taking
stock- difficult
any which
turndiscrepancies
to
rates accuratelyappear
over in
thedetermine
between
years the of the inventory
inventoryinventory
From
the
regression the
organization, findings,
model asit can
which controlhasbe concluded
direct
variables. that
relationship
In the the use the
with
regression of
records
parameters.
of financial
management and the
At
data best,
physical
for 82 these
usage. At techniques firms inventory.
parameters
over
the same time the are
period
when estimates,
of 2006–
stock- turnfor
inventory
operational
model it was management
performance
found that, of
the the
firms‟ in
organization. the supermarkets
In addition,
example,
Updating
2010.
was By determination
enhanced, inventory stock-out records
ofrate orderingregularly.
was found costs to per beorder
declining.
has
Disciplebeen to use the available information technology
profitability
requires
employing
The total that asthe
regression
inventory measured
time holdingspent bycost
techniques, GOP
by various
was has
thealso a negative
staff
impactfound of to bewill
members ona
in
effective
The
enhance study
relationship in
theiscustomer
an attempt
operational
with financial servicetoperformance
debt delivery
examine ratio. the and
Thisof other
inventory
the factors
airline
B.
ordering
The
inventory
declining respondents
betrend; estimated, agreed
the cost involves and this
that can the not
following
the storage be accurately
stock
of already
important
management
specifically forthe satisfaction,
performance thus
of small making theassembly
shopping
implied
auditing
determined
management
produced that
strategiesand
products onon
profitability time
have
isperformance
fairly
and performance
increases
much
subjective.
that of influence
was
raw It and
with
found decrease
on
to safeguarding
therefore
components. be calls in
From
experience
and
target medium
. Furthermore, enterprises Engaging in the region
the of
Inventory Epirus, in
financial
of
uponinventory
the
insignificant
the
more general debt
manager
satisfactory
inratio.
shrinkage
this to
combination Furthermore
forcrisis
usein large-scale
the of
their
all the
customer.
own inindicators
this
judgement
Inventory
study
retail ofcontrol
outlets. to obtain and
Greece,
planning
the
relationship
Carrying
meaningful during
section,
out
results. the enabling
between
independent In this period.
the them firm
checks.
inventory tosizehave and
model, the GOP control
demand was
study.
operational However, performance, the relationship the the effect betweenon return inventory
on FSN,
management
The
function
positive followingthrough
which techniques
measures proper
indicates like
were
organizational
that used
profitabilityABC, in VED,
this study:
structure
increases HML, (1)with
will help
Investigating
probability
management
investment
Major Findings: distribution
was and how
found inventories
was
to be based
highly are on moving
historical
positive. through
This demand.
was the
and
Inventory
to manage
an other
increase have
Turnover
theindemand been
inventory
firm Ratio,
size. of
The (2)
the airline
relationship very well.
between
supply
The
financial
done
Our by
study chain.
historicalperformance
assessing
finds thatthe the
PT. ofis however
the
contribution
ABCD firm was
manages distorted
of found
outcomes
its by
to periods
be
inventoryto final of
greatly
Raw
current used.
Material
ratio With
andTurnover the GOP help
Ratio, of these
was (3) Work techniques,
in process the
Carrying
stock outs.
significantly
profits
inefficiently. against out
IfThe cut-off
products
thefirst cost analysis
were
of able
indicator readily
establishingisby auditors.
available
and maintainingall the time
supermarkets
turnover
negative. ratio, have
(4) been
Finished Goods to the offerirregular
better inventory
service to
from
the Observing
positive.
layout. stock,
practices. This
There it the
would
is
are physical
consistent be
significant expectedinventory
withamount priorthat count.
the
studies demand
inventories (Fullerton
that areet
their
Turnover customers Ratio,the (5)inventory
Inventory Elasticity, (6) Grossledger.
recorded
al.,Reconciling
2003;
purchased wouldmore bethan higher.what the Thiscount research
company to the general
achieved
has monitoring,
planned. the
such as (7)
Margin, quick Capitalorder processing,
Intensity, (8) better stock
set Reviewing
Eroglu objective
Conclusions:
Those and
inventories of
stock
Hofer, developing
transfer
2011).
havedatabase beenAs an
documentation.
for inventory
kept the model
relationship
in the warehouse that
between
accurate
Firm's Size. andThe automatic ICAP ordering, hasimprovedbeen stockfor for
used
would
CI
The
moreReviewing
and focusminimize
thanthe of purchase
this
its normal total
research inventory
records
turnover was costs
to
to ensureby
determine
period. By using Pareto simulation
that thethe effects
management,
collecting financial data of
inventory
analysis.
of inventory It
in made
the
management,
managementwarehouse
a contribution this is actually
study to the
found management
ownedthat by
there theisof
diagram
wide
SMEs product (ABC),
sample. variety,
Thethisresults fasterpractices
study finds
of thethree
product on
material
introductions
correlation
operational
and categories
and
the
The study set out to investigate the relationship between
inventory management practices and business
performance of SSEs, in Kisii Municipality, Kisii County,
This research reveals the importance of inventory
Kenya. To achieve this, three specific objectives were
management practices and offers a general approach to
addressed. The first objective was to determine the
inventory management which can enhance the SME’s
inventory management practices of the SSEs. The
sustainability in the market. Much research has indicated
findings indicated that inventory budgeting; review of
that inventory management is one of the keys to success
This findings
The studylevels
inventory focusedof in andstudy
the on inventory
management found that control
ofinventory and valuation
shelf-space were
conversion
for businesses many countries. However, the focus on
procedures
on aggregate
period, management in retail SMEs in
often carried out by SSEs. Further, the Northern Johannesburg,
inventory performanceefficiency may be a lower priority for the
South
study
and firmAfrica.
established
size The finding
negatively that there revealed
influence was no that ownersofand
relationship
profitability between
KBL
SME’s management when compared to winning a bigger
managers
the
Beer frequency
distributionadhere to most
of inventory
firms in of the inventory
ordering
Nairobi and thecontrol frequency of
market share. However, the SME could apply the
procedures.
stock
County.
Given monitoring.
the The Valuation
enormousstudyThe thus methods
study
potentialconcludes concludes thatthat
benefits areof widely
that
increase on used
applying in thein
concepts of agility and flexibility to support the SME’s
practice
aggregate,
inventory
JIT aredays,thealso SSEsaccepted
poor surveyed
management by owners were and and effective
fairly managers. in
aim to achieve improved business growth and
The
their
small results
inventory
size
principles, of
negatively
theand the
findings study
management affects may
that thethe assist
practices
and retailers
reduces
majority and for future
recommends
profitability
of SMEs from in the of
sustainability also reduce risks resulting
planning
that
KBL SSEs in the
beer distribution
manufacturing implementation
owners/managers
sector firms
are not in seek of
applying an effective
further JIT knowledge inventory
inventorymay on
uncertainty in the market. The SMEs management
control
inventory
Nairobi
management and
County. valuation
management The system.
findingsso as ofto improve
the study their
also level of
need to focus is onquite disturbing. and
the knowledge SMEs in the in the
attitudes
effectiveness
established
manufacturing that insector,
inventory
firm growth management
particularly levels in the practices.
food in sector, These
management
While inventory of management
their operations hastobeen get result common termscan of
businesses
positively
benefit ainlot should
in termsappreciate
influence profitability
of reduced more
and storage the vitality
operating costs,cash of
low flows
loss
inventory
practice performance.
business for many years,
inventory
thus
of management
the conclusion thatoperations
high in gaining and
there has been an evolution for inventory management
sustaining
growth competitive advantage. Second, the
andstudy
from JITfirms
products due
to lean have high levels
to obsolescence
inventory systems ofand profitability
lower inventory
to
endeavored
operating
holding
Findings: cash
costs. toFurthermore,
evaluate
flows andthe lowbusiness
the growthresultsperformance the studyof the
of supposition
supply chain management. However, the
SSEs.
firms
found
> The the The
have
findings findings
lower showed
profitability
at the end that
and most
low respondents
levels of operating were
about cost/benefits of of thethis study include the
satisfied
cash
a with
flows.Inventory
statistically their
significant performance positive measured
relationaffects by
between growth in
following:
implementation control
of inventory significantly
management is both the
sales,
The
applicationgrowth
study
productivity ofofin
finding JIT market
selectedalso found
inventory share, thatperceived
management
manufacturing inventory firms business
conversion
philosophy image
and
conflicting and dated. The purpose of this
compared
period
improved to
positively
isquality the competitors’
and significantly
andrelationship and quality of
>
TheThere
study study
is to a positive
concludes
determine ifflexibility.
that inventory
a relationship Such between aexists
positive
management demand
betweeninfluence
affects
products/services
influences
can
While be
management
competitive of
inventory operating
great and
advantage offered
benefit
management
customercash to
of compared
flows
the SME hence
has and
satisfaction to
sector,
been competitors
the conclusion
given
common
of selected thewith
inventory management efficiency firm
weighted
the
This number
paper
challenges
practice
manufacturing inmeans ofofoperating
measured
business firmsof 2.51,
inventory forthe
in in 2.53,
days
many
Kenya. effects
theprecise, 2.76
21st
years,
As of and materials
raw
century
shown 2.90 economy
profitability. First, to be more the by logicalan overall
analysis
respectively.
positively
inventory
which
there
> Just
mean is
has
– in impacts
management
bombarded
been
– Based
time an has on
operating
by
evolution a this
on finding
the cash
ever-changing
significant for the
flows
profitability
inventory
effects study
KBL of
customer concluded
beer
management
on growth needs of
is that of the4.28,management the firm offers of thehigh quality
that
from
the the
distribution
companies
and businesses
increasing
JIT to
selected
products and firms
in
lean the in
levels
inventory
manufacturing
services were
Nairobi
Ghanaian of fairly
County.
competition
to its systems
firms performing
manufacturing
customers, from
to highly well.
both sector. The
existingA final
appropriate
Empirical inventory
evidence levels
regarding would
the result
role in an reliable
of inventory inverse in and
objective
Further,
cross
and
supply new
products thewas
sectional study
innovative
chain
and todataestablish
management.
services, found of thatthe
manufacturing
businesses.provides relationship
management
However, the between
efficiency
supposition
relationship
predicting between
organization the optimized
performance
inventory
firm size
companies
Conclusion:
about
dependable management
thenegatively Ghanainfluences
indelivery,
cost/benefits during practices
of
provides thethecustomized andisthe
period conflicting.
of business
2004products
It is
to 2014
inventory
argued here levels that and
the firm
relationshipprofitability. is Second,
likely to varywewithand
performance
operating
provided of flows
SSEs. Theinventorystudy concluded that
boththere
The
implementation
study
services,
attempt
organizationaltothecash
provides
expand basis
concluded
life cycle
forhence
of inventory that
customized
the the data
investigation
stage.
the analysis.
conclusion
management
products
This
management
to
is because
isthat
the
is
existed
ineffective
Findings
essential
conflicting
and a
services, relationship
from
in management
and the this
thedated. study
operation
firm between
The
is reveal
andof
alwayspurposefirm
any the
that level
size the
business.
the of
firstthis of
pivotal
in effectiveness
variable
Inventory
the market asto
determine
decision the
offirmsinventoryimpact depends, of inventory like efficiency
any other by firm size
decision,
in
raw
an inventory
adversely
study material
asset
introduce is toon management
inventory
determine
new operating
theproducts
balance if aand and
management
cash
sheet
relationship business
flows.
of companies
services The performance
study
exists between has taken of
and,
not finally,
only on offer
the corroborative
perceived costs and benefits of the
SSEs.
concludes
designed
on
inventory
and Effective
increased
that tothat capture
management
the firm inventory
inventory
importance
has the
fast budgeting
effectiveness
management
efficiency
because
product andmany hadof
firm
development. the
acompanieslargest
company's The area
evidence
decision by using more recent data. Our results show
effect
applying on but
significantly
management
profitability.
study business
the
further
also
influences
of
First,
strategy
concludes
on
partto
the
performance
beof
of
institutional
firm
working
more
reducing
that precise,
the with
profitability
capital
their
firm
environment
athe
is beta
on
and
investment coefficient
operating
logical
that the
analysis
in of
positive
organization relation isKenya between profitability
confronting. Thismanagement
argument is with
consistent
0.329,
cash
is that
fixed
able to followed
profitability
flows
the
assets,like
compete of
is
management by
significantlyshelf-space
plants,
based on Breweries positive
of quality
the
warehouses, and
andequip impacts
that on
it delivers a beta
and
with inventory
the findings management
ofmanufacturing
prior studies efficiency. that In addition,
organizations the
in the
coefficient
beer distribution
profitability
appropriate
customer ofof
orders 0.301
the
inventory on and
firms time. ininventory
levels Nairobi would
Competitive levels
County.
firmsresult in management
in an inverse
impact
same of
industrythat inventory
context efficiency
respond on
differently to similar
had
Ghana.
The the
study
relationship
advantage least
My effect
findings
identified
between
comprises with
confirms
several
the aoptimized
beta
capabilities the
major coefficient
findings
problems
that allow ofofEneje,
0.297.
in
an the The
profitability
external based
pressures on firm
(Bhambri size & was noticeably
Sonnenfeld, significant.
1988), that
study
Nweze
context
inventory therefore
and
oflevels
IM Udeh concludes
(2012)
in differentiate
machine
and firm toolthat
whose enhancement
results
enterprises
profitability. fromSecond, itsofincluding in thethe level
organization
In the first
organizations model, to
are we
likely controlto
itself
respond for firms to size
different withwe binary
of
use effectiveness
their
attempt research
of
competitors rule
to ‐expand
ofand ‐thumb in
showed inventory
anfor
the
isconcerning that
IM,there
investigation
outcome amanagement
low ofisimportance
atosignificant
critical practices
management effect
given will
to of
dummy
stakeholders variables in a way that varies steadily with firm life
result
efficient
determine
decisions in
forecasting, increased
inventory
Lithe random
et impact
al., business
management
ordering
(2006). ofmodel,inventory performance
Theofliterature on
materials,
efficiency oflow the
by SSEs.
levels
firm of
size
revenue.
cycle In
(Jawahar the second
& McLaughlin, we
2001), controland for
that firm
the size
The current
profitability.
training
and, and study
From
development, was
the a
results crossand of sectional
the
low study,
computer survey
it canuse based
and on
beas well
review
with afinally,
decision has
continuous
by
offer corroborative
identified
managers variable price/cost,
to measuring
change quality,
inventory delivery,
systems
a small
deduced
as a low
evidence
flexibility sample
that
importance
byBoth
as raw
using
important size moretaken
materials
given from
recent
competitive toinventory only Kisii
purchasing
data. Our and Municipality
results showofa
variable
asset
depends size. on the models
state of show
competition same result
within for
the the
market
Kisii
lead County.
management
‐time. Furthermore,
The study is a major the
variable instrument
that has of study
significant usedin
positive
capabilities.
relation
(Blazenko
relation
betweenand ISR confirmed
between
Vandezande, and profitability
profitability.
2003,
the need While
Rotemberg
for managers
and
perceptual
positive
the
and machine
inventory measures
relationship tool sector
management on ofthe business
to profitability
alter performance
drastically
efficiency. of addition,
In their approach
thelevel
both
Saloner,models 1989), significantly
organizational support settingsthe inverse (De relationship
Vries, 2005),
of
the
to effectiveness
manufacturing
IM. oflower
impact that inventory in inventory
firms in Ghana.
efficiency management onManagement practices of rawof
between
and the power inventory
and interests levels and
of stakeholders (De Vries,
SSEs
materials and
profitability is so this
therefore may an limit generalization
important factor of results. This
increase
2011). in based
profitability, on firm thesize resultswas for noticeably
the firm significant.
size are
study
to
In be therefore
theconsidered
first model, recommends
in
weenhancing
control a or similar
boosting study the that will
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various can be negative inventory feedback
management and
organizations
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asprovides
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positive
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include optimal
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where
reduction of waste,
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and would be
easy storage and retrieval
more likely be available to fulfill the customer’s of stock, high inventory
utilization
requirements. amongst others. However, in order to achieve
all these, organizations
The study established that majority of the respondents have to maintain flexible
inventory
either agreed service. or stronglyThus, the agreed study thatfound the that there is
a significant relationship
use of computerized inventory management practices between effective inventory
control management
such as Computerized warehousing, system and organizational
performance.
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computerized inventory of inventory record,bybar enterprises
codes, inventory results
from numerous
management premises,
software, such as: the need to ensure
automated
rhythmicity of production,
replenishment and radio-frequency identification economies of scale of device
production
influence production efficiency.
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It cansupplies,
also be reduced concluded risk thatrelated
ineffective the inventory
uncertainty of
Safaricom
supplies and Ltd has
delivery a significant
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affect
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organization
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machines,
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sales continuity. However, maintenance
delivery of raw of
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costs
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paper inventory of regression
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profitability
demand. area.
The study concluded that cost reduction is necessary for
implementation of inventory
management for performance of manufacturing firms.
The study concluded that holding stocks
and ordering costs may increase the performance of an
organization.
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findings, helps in
the researchers concludes that
preparing employees
in regard to effective automation of towards managing the inventory
ideology and equips
inventory management in managing in SMEs, it was organization with
sufficient
The
concludedstudyresources established
that SMEs and that
should that threeinventory
takemain effective cost reduction
inventory
helps
management in achieving
inventory management profitability
practices have as one objective.
been of the adopted at
main procedures of
The study
KPLC
managing which concluded
include records
inventory that improved
Inventory turnover,
system anticipation
Inventory of future
developments
Forecasting and in manufacturing
Inventory control firms
so asstudy
The to cutaimed on operating
at examining cost the systems.
and keep
effectivenessoptimumof
in
The Kenya
inventorystudy will
level. improve
concludes Technology their
that performance
inventory
holds a management
lot of and new
coding systems in inventory
technologies
practices have are promising to save costs andand
potential
management for ofbeen
enhancing SME’s recognized
market
in the retail as industry.
access a crucial yet tool
The useuse byof
thus
in
SMEs improving
enhancing is limited the
operations performance
as compared at KPLC. of
to larger the
However, New KCC.
the The
study
barcoding by fewer SME’s does
study
found
enterprises.
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out
paper thathas concluded
The these use
found inventory
of
that that
technology Inventory
hospital for marketing
pharmacies relybyonare a
indicate that most managers and owners of business
Management
management
SMEs
primary still remains System
practices low is a
had
despite competitive
varying SMEs tool
extents
having in of theadoption
obliviousrelationshipto the technologies with one used or a small in number of prime
organization
at KPLC.
access
vendors. to The
It these
has for studyrealizing
tools.
also therefore
Majority
verified its that corporate
concludes
of SMEs
substantial use technology
coding items and as a result, could not introduce their
competitive
that strategy.
employees to the use of coding system had
for each
communication,
advancements inventory have management
social
been networking
made inpractice
reducing a different
typical order
Based
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priority
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level
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and study
information findings,
utilization that which
acquisition. it
information is concluded
was sharing
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seems and a a
cycle times from
to effectively manage theseinventory. suppliers.Majority While prime of thevendors SMEsbe
to
significant
channels
highly
lack based and
relationship
on a positive
their affect
perceived relationship
the performance
individual effects.
who of
have been
use awareness able tocoding
various of thesystems
make arangedifference of in purchasing
exists
of
The thestudy
opportunities
policies, between
manufacturing
further
improved that inventory
found
technology
order firms out management
and
that
processing enhances
offers the practices
inventory
for increased
methods, andand
productivity. market
derive direct benefits from their use showing that
organizational
management
access.
reliability Limited
ofdirect
the productivity
practices
use of had
technology of a significant for positive
effective
idating the use of delivery
coding
and indirect process,
systems will
relations they have have
among had TQMlimited
Parastatals
effect
marketing
impact onon the caninproject
Kenya.
controlling also be The
performance
the attributed study
level of also
towhen concluded
perceived
inventories combined. of highthat The
costs
hospital
significantand
practices impact on firm of
the effects performance
these practices in terms on firm of cutting
inventory
study
of therefore
appropriate
pharmacies. management concludes
applications,
Specifically, practices
that
safetysecurity thestock current inventories were
operational
performance. costs,With saving
theofexception time and of Flynn et al.In(1995),
affect
Project
issues
found the
toandbe productivity
performance
limited
equivalent at
knowledge Parastatals
KPLC
to almost can
and be in
skills. Kenya.
well accounted order forto
improving
the TQM
effectively
customer
practices
automate
service.
investigated
inventory
The in24data
thisdays also
study ofestablishes
average
represent aa
by
A the available
multiple regression inventory analysis management
demand.
strong
wider
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or While
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several
correlation hospitals
than
systems the was provide
other
have
conducted
studies someinevidence
been developed
to
so
practices.
examine
of having
between theHence,
more
the and relative improvement
effective
use indirectof coding impact inventory of IMP
and inventoryand diversification
elements
management on
management. of the
service
which
as direct
to ensure that Parastatals effects hold of TQM practices on
inventory
performance.
practices
Furthermore management
than The
most smaller result
SME’s practices
ofstrongly
facilities, data will
itanalysis showed that
is stillmeasurement
generally the
performance
the right quantities are identified.
of stock In addition,
so as to strike alarge
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result
two
case
agree in
that improved
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and agreeattothreelevel Project
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the fact performance
stocks
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too the firm.
management and The
of performance
between the costs involved levels and this research reveals
industry
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helps is specific
no variables,
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more
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other studies Order do Quantity
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out
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research on the(EOQ)
service
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it is
of TQM
practices practices
have to
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performance
An economic
conclusive
helps light themthan that at
of
order
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inventory quantity
ado The
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competitive study
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edge other
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was applied
more
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should with be
therefore
dimensions,
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management
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competitors data
practices that
were inand it is
inventory
order
impact as essential
to
well draw location,
significantly
improves atocomparison
putthe into
the overall
three
ordered levels of
andperformances
when performance:
it should beinventory management,
consideration
replenishment
current
operational
growth and practice. the
effectiveness industry
decision,
The results andof specific
of inventory
of the
consumer
the factors
comparison in
ownership, were
suggest
quality,
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orders performance.
that optimal quantity for
formulation
not
that
goods factored
the
organisation. average
manufacturingand
to implmentation
service
pharmacy performance
companies has ofthe the ofmanagement
VMI.
potential
in Kenya. The
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strategies.
objective
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larger inventory
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inventory-associated by cost etofal.
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relationship
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manufacturing
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the problem. performance It can of beVMI. pointed out
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investigate the relation of TQM to other variables of assumes controltoo limits
much also
homogeneity
Recommendations
Musau, E., Namusonge, G., Makokha, E., & Ngeno, J.C. https://pdfs.semanticscholar.org/dc09/83b
(2017). The Effect of Inventory Management on
Organizational Performance Among Textile Manufacturing
Firms in Kenya. The International Journal of Academic
Routroy,
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Business N. A. (2010).
and Social Evaluation
Sciences, of
7, 1015-1031.
Inventory Performance for Perishable Products Through IUP Journal of Operations Management.
Simulation. IUP Journal of Operations Management, 9(1/2),
Sahari, S., Tinggi, M., & Kadri, N. (2012). Inventory https://www.researchgate.net/profile/Mich
71–80.
management in Malaysian construction firms: impact on
performance. SIU Journal of Management, 2(1), 59-72.
Tripathi, P., & Tiwari, D. (2014). A study of inventory
management techniques applied by organized retailers' and
its effect on customer satisfaction and retailer's financial
performance with special reference to Bhopal and Indore
City. International Journal of Innovation and Applied Studies,
8(2), 788. http://citeseerx.ist.psu.edu/viewdoc/down
Panigrahi, C. M. A. (2013). Relationship between inventory
management and profitability: An empirical analysis of Indian
cement companies. Asia Pacific Journal of Marketing &
Management Review, 2(7). https://poseidon01.ssrn.com/delivery.php
Eminue, U.O., Titus, C.U., & Udo, L.O. (2019). STOCK
MANAGEMENT STRATEGIES AND SAFEGUARDING OF
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OUTLETS IN AKWA IBOM STATE, NIGERIA: AN
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Bett, K. (2018). Inventory Management Practices and
Operational Performance of Small and Medium Enterprises
in Kenya: a Study of Pharmaceutical Manufacturers in
Nairobi, Kenya.
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Githendu, D. (2008). Inventory management by simulation http://erepository.uonbi.ac.ke/bitstream/h
analysis: a case study of Davis & Shirtliff Company limited.
Ganas, I., & Hyz, A.B. (2015). Inventory Management and http://papers.iafor.org/wp-content/uploads
Firm’s Performance During the Period of Financial
Constraints: An Empirical Analysis of SME Sector in Greece.
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Lwiki, T., Ojera, P. B., Mugenda, N. G., & Wachira, V. K. https://d1wqtxts1xzle7.cloudfront.net/334
(2013). The impact of inventory management practices on
financial performance of sugar manufacturing firms in Kenya.
International Journal of Business, Humanities and
Elsayed, K., & Wahba, H. (2016). Reexamining the
Technology, 3(5), 75-85.
relationship between inventory management and firm
performance: An organizational life cycle perspective. Future
Business Journal, 2(1), 65-80. https://www.sciencedirect.com/science/ar
Mwangi, L. (2016). The effect of inventory management on http://erepository.uonbi.ac.ke/bitstream/h
firm profitability and operating cash flows of Kenya Breweries
Limited, beer distribution firms in Nairobi county (Doctoral
dissertation).
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Rajeev, N. (2008). Inventory management in small and https://www.emerald.com/insight/content/
medium enterprises. Management Research News.
ONIKOYI, I. A., AMNIM, F. F., OJO, S., & AJE, C. O. (2017). https://core.ac.uk/reader/234627780
Effect of Inventory Management Practices on Financial
Performance of Larfage Wapco Plc. Nigeria. European
Journal of Business and Management, 9(8), 113-122. *
Bai, L., & Zhong, Y. (2008). Improving inventory https://www.diva-portal.org/smash/get/div
management in small business: A case study.
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nt%20-%20A%20Tool%20for%20Optimal%20Use%20of%20Resources%20and%20Overall%20Efficiency%20in%20Manufacturing%20S
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0management&f=false
turing%20resource%20planning&f=false
=inventory%20management%20practices%20book&f=true