Analysis of the Impact of Inventory Management Practice on the Effectiveness of Retail Stores in South Africa

Ayodeji Michael Obadire; Bame Lesego Boitshoko; Naledi Tendai Moyo

doi:10.34257/GJMBRCVOL22IS5PG1

Authors

Ayodeji Michael Obadire
Bame Lesego Boitshoko
Naledi Tendai Moyo

Keywords:

inventory, inventory management, modern management tools, retail store, south africa

Abstract

The study analyses the impact of inventory management practices on the effectiveness of retail stores in Vhembe District, South Africa. A quantitative research design was adopted for the study. The study used a simple random sampling method to collect data from 30 retail stores. Results from the survey revealed that inventory management tools and techniques like economic order quantity, just-in-time, barcoding and inventory management software have a positive effect on the performance of retail stores. This is because the quality of service delivery to customers was improved, thereby outperforming competitors. Also, sales and turnover increased as over-stocking and under-stocking were effectively managed giving rise to a higher return on investment. The major conclusion drawn from the study was that the adoption of inventory management practices positively affects the retail businesses in Vhembe District.

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How to Cite

Analysis of the Impact of Inventory Management Practice on the Effectiveness of Retail Stores in South Africa. (2022). Global Journal of Management and Business Research, 22(C5), 1-7. https://doi.org/10.34257/GJMBRCVOL22IS5PG1

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