The Pros and Cons of Inventory Control Strategies, and How Does it Affect the Company’s Performance

Sumaya Zaki Eid Bait Bin Saleem and Asad Ullah
Additional contact information
Sumaya Zaki Eid Bait Bin Saleem: Department of Management Studies, Middle East College, Muscat, Oman
Asad Ullah: Department of Management Studies, Middle East College, Muscat, Oman

International Journal of Operations Management, 2023, vol. 3, issue 1, 7-14

Abstract: Inventory management plays a critical role in every organization’s performance. It is an essential part of any business. Financially, it is the most valid current asset, easily converted to cash. Therefore, every organization must be able to manage its inventory according to its needs and customer’s demand. Furthermore, inventory requires space inside the warehouse and keeping more than the required stock can increase the cost of carrying inventory. Hence it is essential to keep enough stock but not more than needed. Nevertheless, some organizations find it challenging to balance the supply of inventory with their customers or demand. Thus, this research aims at understanding the concept of inventory management and inventory control and identifying the issues faced by the companies in their inventory management by finding the flaws within the strategies or systems used to manage the inventory. This research employs a qualitative data collection method through journal articles, books, and trusted websites to ascertain the objectives.

Keywords: Inventory Management; Companies performance; Inventory Control; Effective Strategies (search for similar items in EconPapers)
JEL-codes: M00 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://researchleap.com/wp-content/uploads/2023/0 ... ys-Performance-1.pdf (application/pdf)
https://researchleap.com/the-pros-and-cons-of-inve ... ompanys-performance/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mgs:iojome:v:3:y:2023:i:1:p:7-14

DOI: 10.18775/ijom.2757-0509.2020.31.4001

Access Statistics for this article

More articles in International Journal of Operations Management from Inovatus Services Ltd.
Bibliographic data for series maintained by Bojan Obrenovic ().