Inventory Management Strategies of Food Manufacturing Industries in a Developing Economy

• Autorzy: Richard Kofi Opoku , Clifford Kevin Benedict Abboah , Twi Owusu

Warianty tytułu

Strategia zarządzania zapasami w przemyśle spożywczym w krajach rozwijających się

• Języki publikacji: EN

Abstrakty

EN

Background: Among the various food chain processes, inventory is regarded as the most important, complex and expensive. Inventory practically accounts for over 70% of food processing firms overall capital assets in both developed and developing economies. As such, its proper management is key to promoting the performance, growth and competitiveness of food processing firms and their supply chains. However, in developing economies notably Ghana, the strategies adopted by food processing firms in managing their inventories remains scanty and unclear. Thus, the aim of this article is to investigate the different inventory management strategies of manufacturing industries with focus on food processing firms in a developing economy in case of Ghana. Methods: The study adopted the quantitative approach, descriptive design, and backed by the theory of constraints. It collects data through structured questionnaires from 104 food processing firms in Ghana and analysis was done using descriptive statistics (i.e. mean and standard deviation). Results: The study's results revealed that food processing firms in developing economies notably Ghana most prefer the Economic Order Quantity during inventory management; followed by Strategic Supplier Partnership and the Activity Based Costing strategies respectively. Conclusions: This study's findings contribute largely to empirical studies on inventory management of food processing firms in developing economies. The findings also inform policies and practices associated with inventory management, while facilitating the adoption of relevant inventory management strategies in food processing industries. (original abstract)

Wstęp: Wśród wielu różnych procesów zachodzących w łańcuchach dostaw produktów żywnościowych, zarządzanie zapasami uznaje się za jednej z najważniejszych i najbardziej złożonych procesów. Zapasy pochłaniają ponad 70% zasobów w firmach spożywczych zarówno w krajach rozwijających się jak i rozwiniętych. W związku z tym właściwe zarządzanie tymi zapasami jest kluczowe dla zwiększenie konkurencyjności i polepszenia wyników finansowych firmy. Jednak w wielu rozwijających się krajach, między innymi w Ghanie, strategie zarządzania, stosowane przez firmy spożywcze dla zarządzania zapasami, pozostają niejasne i nieprecyzyjne. Celem tej pracy jest analiza różnych strategii zarządzania zapasami, z głównym naciskiem na firmy spożywcze, dla rozwijającej się gospodarki, na przykładzie Ghany. Metody: Zastosowano podejście ilościowe jak i schemat opisowy, oparty na teorii ograniczeń. Dane do badań zebrano przy użyciu ustrukturyzowanej ankiety od 104 firm spożywczych, działających w Ghanie. Analiza danych została wykonana przy użyciu narzędzi statystycznych (m.in. wyliczając średnią i odchylenie). Wyniki: W wyniku przeprowadzonej analizy, stwierdzono, że w krajach rozwijających się, na przykładzie Ghany, w większości przypadków preferowaną metodą postępowania w zarządzaniu zapasami jest metoda ekonomicznej wielkości zamówienia. Kolejnymi metodami, preferowanymi przez ankietowanych jest oparcie się o strategicznego dostawcę oraz strategia oparta o kalkulację kosztów. Wnioski: Wyniki uzyskane w czasie tej pracy określają empiryczne podejście w zarządzaniu zapasami w firmach spożywczych w krajach rozwijających się oraz prezentują politykę i praktycznie stosowane strategie zarządzania zapasami w tych firmach. (abstrakt oryginalny)

Słowa kluczowe

EN

Inventory management; Cost accounting calculation; Just in Time method; Food industry; Developing countries

PL

Zarządzanie zapasami; Kalkulacyjny rachunek kosztów; Metoda Just in Time; Przemysł spożywczy; Kraje rozwijające się

• Czasopismo: LogForum
• Rocznik: 2021
• Tom: 17
• Numer: nr 1
• Strony: 37--48

Twórcy

autor

Richard Kofi Opoku

• University of Cape Coast, Ghana

autor

Clifford Kevin Benedict Abboah

• University of Cape Coast, Ghana

autor

Twi Owusu

• University of Cape Coast, Ghana

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Identyfikatory

DOI

10.17270/J.LOG.2021.557