Issues of Forming Inventory Management System in Small Businesses

Inna Babenko Viktorovna and Pavel Pochechun Ivanovich
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Inna Babenko Viktorovna: Southwest State University, 50 Let Oktyabrya Ul., 94, 305040, Russia,
Pavel Pochechun Ivanovich: Southwest State University, 50 Let Oktyabrya Ul., 94, 305040, Russia.

International Review of Management and Marketing, 2016, vol. 6, issue 3, 522-527

Abstract: An increase in the inventories effi cient use gives a jump-start to the growth of small business economic effi ciency. Application of the system approach to inventory management allows monitoring the whole process of material fl ow and minimize randomness of this process. The very system of inventory management should be understood as a system of material fl ow planning, control and regulation. Application of the system approach to inventory management allows carrying out goal and target decomposition at different levels of management. For the said purpose, the stages of forming inventory management system taking into account the whole cycle of enterprise material fl ow are represented in the article.

Keywords: Inventory; Functions of the Inventory Management; Production Scheduling; Supply Chain (search for similar items in EconPapers)
JEL-codes: G31 L2 (search for similar items in EconPapers)
Date: 2016
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