PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
Czasopismo
2023 | 19 | nr 4 | 555--575
Tytuł artykułu

A Model for Inventory Management and Warehouse Performance in the South African Retail Industry

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Background: The South African retail sector faces numerous inventory management-related problems that have detrimental effects on both inventory and warehouse performance. Some of the negative effects include the inability to fulfil orders, poor-quality control and inventory management operating systems, and ineffective warehouse security and layout design. It is necessary to develop and identify interventions for mitigating these problems. Additionally, literature on inventory and warehouse management in the South African retail sector is currently limited. The study tests a model for linking inventory management to warehouse performance in the retail industry in South Africa. Method: The study used a quantitative survey method involving 203 supply chain professionals selected from retail outlets in the Gauteng and KwaZulu Natal provinces. Data were analysed using structural equation modelling based on the partial least squares technique. Results: Three inventory management practices: inventory investment and ABC analysis contributed positively to inventory performance. Inventory performance contributed positively to warehouse performance. Conclusions: Inventory management and performance are important drivers of warehouse performance in the retail sector. However, a correct mix of inventory management practices is essential. The study offers several contributions. Theoretically, the study provides insights into the contribution of inventory management to warehouse performance in retail environments. Specifically, the study identifies the inventory management practices that are important in optimising both inventory and warehouse performance in retail supply chains(original abstract)
Czasopismo
Rocznik
Tom
19
Numer
Strony
555--575
Opis fizyczny
Twórcy
  • University of Technology, South Africa
  • University of Technology, South Africa
  • Vaal University of Technology, South Africa
Bibliografia
  • Abimbola, O.A., Kolawole, O.A., 2017, Effect of working capital management practices, Asian Journal of Economics Business and Accounting, 3(4), 1-8. https://doi.org/10.9734/AJEBA/2017/35237
  • Abraham, A., 2022, South African retail 2022 and beyond, from https://contenthub.sasfin.com/insights/articl es/south-retail-2022-and-beyond/
  • Achieng, J.B.O., Paul, S.N., Mbura, L.K., 2018, Influence of inventory management practices on performance of retail outlets in Nairobi City County, International Academic Journal of Procurement and Supply Chain Management, 3(1), 18-43. http://www.iajournals.org/articles/iajpscm_ v3_i1_18_43.pdf
  • Akinlabi, B., 2021, Effect of inventory management practices on operational performance of flour milling companies in Nigeria, International Academy Journal of Management, Marketing and Entrepreneurial Studies, 8(2), 137-174. https://www.arcnjournals.org/images/ASAIAJMMES-8-3-77.pdf
  • Alleleyn, L., 2016, A simulation study on the impact of RFID technologies applied to instore inventory management processes subject to shrinkage delivery and transaction errors, A thesis: Eidenhoven University of Technology, 1-83. https://pure.tue.nl/ws/files/46943721/85278 2-1.pdf
  • Alrjoub, A.M., Ahmad, M.A., 2017, Inventory management, cost of capital and firm performance: Evidence from manufacturing firms in Jordan, investment management and financial innovations, 14(3), 4-14. https://doi.org/10.21511/imfi.14(3).2017.01
  • Amanda, R.I., 2019, The impact of cash turnover, receivable turnover, inventory turnover, current ratio and debt-to-equity ratio on profitability, Journal of Research in Management, 2(2), 14-22.
  • Anderson, J.C., Gerbing, D.W., 1988, Structural equation modelling in practice: A review and recommended two-step approach, Psychological Bulletin, 103(3), 411. Structural equation modeling in practice: A review and recommended twostep approach.
  • Asana, I.M.D.P., Radhitya, M.L., Widiartha, K.K., Santika, P.P., Wiguna, I.K.A.G., 2020, Inventory control using ABC and min-max analysis on retail management information system, In Journal of Physics: Conference Series, 1469(1), 012097. https://doi.org/10.1088/1742- 6596/1469/1/012097
  • Atnafu, D., Balda, A., 2018, The impact of inventory management practice on firms' competitiveness and organisational performance: Empirical evidence from micro and small enterprises in Ethiopia, Cogent Business & Management, 5(1), 1503219. https://doi.org/10.1080/23311975.2018.150 3219
  • Awuah-Gyawu, M., Adzimah, E.D., Brako, S., 2015, Assessing the effects of information technology (ICT) on the performance of warehouse and inventory operations (the case of Unilever Ghana Limited), International Journal of Innovative Research and Studies, 4(9), 28-50. https://www.researchgate.net/publication/33 0041397_Assessing_The_Effects_Of_Infor mation_Technology_ICT_On_The_Perfor mance_Of_Warehouse_And_Inventory_Op erations_The_Case_Of_Unilever_Ghana_Li mited
  • Bacon, D.R., Sauer, P.L., Young, M., 1995, Composite reliability in structural equations modelling', Educational and psychological measurement, 55(3), 394-406. https://doi.org/10.1177/0013164495055003 003
  • Barloworld Logistics, 2021, A few common warehousing problems and how to avoid them, from https://blog.barloworldlogistics.com/common-warehousingproblems-in-south-africa
  • Bentler, P.M., Chou, C.P., 1987, Practical issues in structural modelling, Sociological methods and research, 16(1), 78-117. https://doi.org/10.1177/0049124187016001 004
  • Botha, R., 2022, Long road ahead for the retail sector particularly e-commerce, from https://www.dailymaverick.co.za/opinionist a/2022-01-25-long-road-ahead-for-theretail-sector-particularly-e-commerce/
  • Borade, A.B., Sweeney, E., 2015, Decision support system for vendor managed inventory supply chain: A case study. International Journal of Production Research, 53(16), 4789-4818. https://doi.org/10.1080/00207543.2014.993 047
  • Bollen, K.A., 1989, Structural equations with latent variables, Vol. 210. John Wiley and Sons. https://doi.org/10.1002/9781118619179
  • Breivik, J., 2019, Retail chain affiliation and time trend effects on inventory turnover in Norwegian SMEs, Cogent: Business and Management, 6(1), 1-17. https://doi.org/10.1080/23311975.2019.160 4932
  • Browne, M.W., Cudeck, R., 1992, Alternative ways of assessing model fit, Sociological methods and research, 21(2), 230-258. https://doi.org/10.1177/0049124192021002 005
  • Cakir, G., Bezbradica, M., Helfert, M., 2019, The shift from financial to non-financial measures during transition into digital retail: A systematic literature review, Business information systems, (353), 189-200. https://doi.org/10.1007/978-3-030-20485- 3_15
  • Caridade, R., Pereira, T., Silva, F.J., 2017, Analysis and optimisation of logistics warehouses in the automotive industry, Procedia Manufacturing, 13(0), 1096-1103. https://doi.org/10.1016/j.promfg.2017.09.17 0
  • Charman, A.J., Petersen, L.M., Piper, L.E., Liedeman, R., Legg, T., 2015, Small Area census approach to measure the township informal economy in South Africa, Journal of Mixed Methods Research, 11(1), 1-23. https://doi.org/10.1177/1558689815572024
  • Christmann, A., Van Aelst, S., 2006, Robust estimation of Cronbach's alpha, Journal of Multivariate Analysis, 97(7), 1660-1674. https://doi.org/10.1016/j.jmva.2005.05.012
  • Chod, J., 2016, Inventory, risk shifting, and trade credit, Journal of Management Sciences, 21(35), 1-20. http://dx.doi.org/10.1287/mnsc.2016.2515
  • Choi, M., Rabinovich, E., Richards, T.J., 2019. Supply chain contracts and inventory shrinkage: An empirical analysis in the grocery retailing industry. Decision Sciences, 50(4), 694-725. https://doi.org/10.1111/deci.12356
  • Cilliers, J.O., 2018, High inventory levels: The raison d'être of township retailers, South African Journal of Economic and Management Sciences, 21(1), 1-13. https://doi.org/10.4102/sajems.v21i1.1962
  • Granillo-Macías, R., 2020, Inventory management and logistics optimisation a data mining practical approach, Scientific Journal of Logistics, 16(4), 535-547. http://doi.org/10.17270/J.LOG.2020.512
  • Hooper, D., 2012, Exploratory factor analysis, in Chen, H. (Ed.), Approaches to Quantitative Research. Theory and its Practical Application: A Guide to Dissertation Students, Cork, Ireland: Oak Tree Press. https://core.ac.uk/download/pdf/301308743 .pdf
  • Howard, K.I., Forehand, G.A., 1962, A method for correcting item-total correlations for the effect of relevant item inclusion, Educational and Psychological Measurement, 22(4), 731-735. https://doi.org/10.1177/0013164462022004 07
  • Hussein, N., Makori, M., 2018, Influence of inventory management practices on the performance of commercial state corporations in Kenya: A case of Kenya electricity generating company, The Strategic Journal of Business and Change Management, 5(1), 960-983. http://www.strategicjournals.com/index.php /journal/article/view/662
  • Inglesi-Lotz, R., Ajmi, A.N., 2021, The impact of electricity prices and supply on attracting FDI to South Africa, Environmental Science and Pollution Research, 28(0), 28444- 28455. https://doi.org/10.1007/s11356-021- 12777-1
  • Islam, M.R., Ali, S.M., Fathollahi-Fard, A.M., Kabir, G., 2021, A novel particle swarm optimisation-based grey model for the prediction of warehouse performance, Journal of Computational Design and Engineering, 8(2), 705-727. https://doi.org/10.1093/jcde/qwab009
  • Jim, B., 2020, What is an Inventory Investment?, from https://www.wisegeek.com/what-is-aninventory-investment.htm
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171677755

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.