inventory management thesis

Supply Chain Contract Management pp 9–36 Cite as

Foundations of Inventory Management

• Marcel Sieke 2  
• First Online: 21 March 2019

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Part of the book series: Edition KWV ((EKWV))

In today’s business world, inventories play an important role. Inventories are used to hedge against shortages in raw materials, allow a smooth production flow within a production line, or ensure the timely delivery of products to the end customer. But inventories also constitute a liability for a single company and the economy as a whole: Inventories are costly since they represent bounded capital that has to be managed continuously.

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Marcel Sieke

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Sieke, M. (2008). Foundations of Inventory Management. In: Supply Chain Contract Management. Edition KWV. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-24382-1_2

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Undergraduate Honors Theses

Exploring inventory management's effects on a company's profitability.

Mason Frye Follow

Honors Program

Honors in Business

Date of Award

Thesis professor(s).

Bill McTier

Thesis Professor Department

Management and Marketing

Thesis Reader(s)

Umit Saglam

Effective inventory management policy is a recognizable critical driver for company success, but which techniques and tools are relevant today? This thesis explores the theory that a company's inventory management practices directly impact the firm's efficiency, responsiveness, and profitability. Research from previously published studies on inventory management is shared to develop a framework of understanding to answer the question of relevancy. Additionally, interviews with successful business professionals within the field provide additional insight into specific inventory management practices that affect profitability and performance. Moreover, these professionals discuss how the practices are effectively applied in the real world today. Finally, this thesis will explore specific challenges the coronavirus pandemic presents for inventory managers across the globe and strategies that industry professionals are utilizing to manage through these taxing times.

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Frye, Mason, "Exploring Inventory Management's Effects on a Company's Profitability" (2022). Undergraduate Honors Theses. Paper 695. https://dc.etsu.edu/honors/695

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Mehmeti, Ardit. "Stochastic Inventory Management." Thesis, Linnéuniversitetet, Institutionen för matematik (MA), 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-101526.

Anderson, James Robert 1972. "Automation of inventory management." Thesis, Massachusetts Institute of Technology, 2002. http://hdl.handle.net/1721.1/34723.

Summerfield, Nichalin Suakkaphong. "Games of Decentralized Inventory Management." Diss., The University of Arizona, 2010. http://hdl.handle.net/10150/194894.

Relph, Geoffrey James Frederick. "Inventory Management in Business Systems." Thesis, University of Manchester, 2006. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.516874.

MacDonald, Steven D. "Navy inventory management decision-making." Monterey, California. Naval Postgraduate School, 1997. http://hdl.handle.net/10945/8724.

Sriram, Ranganath. "Inventory management for drug discovery." Thesis, Massachusetts Institute of Technology, 2008. http://hdl.handle.net/1721.1/43863.

Kim, Chiwon 1978. "Dynamic inventory management with expediting." Thesis, Massachusetts Institute of Technology, 2008. http://hdl.handle.net/1721.1/44803.

Han, Dafei. "Material planning and inventory management." Thesis, Massachusetts Institute of Technology, 2008. http://hdl.handle.net/1721.1/46157.

ZHANG, JIANG. "THREE ESSAYS ON INVENTORY MANAGEMENT." Case Western Reserve University School of Graduate Studies / OhioLINK, 2004. http://rave.ohiolink.edu/etdc/view?acc_num=case1087418721.

Herr, Lea. "Home management system application development for inventory management /." [Denver, Colo.] : Regis University, 2006. http://165.236.235.140/lib/lherr2007.pdf.

Diaz, Francis S., Leonel O. Brito, and Nick Cardenas. "Implementing the National Inventory Management Strategy: a case study on DLA's National Inventory Management Strategy (NIMS)." Monterey California. Naval Postgraduate School, 2006. http://hdl.handle.net/10945/10066.

Karlsson, Lovisa, and Carolina Cardona. "Inventory Management from an aftermarket perspective." Thesis, Mälardalens högskola, Akademin för innovation, design och teknik, 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:mdh:diva-21097.

謝永然 and Wing-yin Tse. "Time series analysis in inventory management." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 1993. http://hub.hku.hk/bib/B31977510.

ESCADA, PEDRO LUIS SOBRAL. "INVENTORY MANAGEMENT INDICATORS IN STOCK PETROBRAS." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2012. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=37137@1.

Máková, Barbora. "Hedge Ratio Estimation in Inventory Management." Master's thesis, Vysoká škola ekonomická v Praze, 2013. http://www.nusl.cz/ntk/nusl-198395.

Gunes, Hurdogan. "Inventory Management Through Vendor Managed Inventory In A Supply Chain With Stochastic Demand." Master's thesis, METU, 2010. http://etd.lib.metu.edu.tr/upload/12612622/index.pdf.

Hilding, Gustaf, and Kristoffer Ryytty. "Consumption-driven Inventory Control : A study of inventory management applied to machining tools." Thesis, KTH, Industriell produktion, 2015. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-174148.

Zhang, Yi. "Inventory and pricing management in probabilistic selling." Doctoral thesis, Universitat Politècnica de Catalunya, 2019. http://hdl.handle.net/10803/665359.

Xiong, Hongxia. "Coordination and inventory management in supply chains /." May be available electronically:, 2007. http://proquest.umi.com/login?COPT=REJTPTU1MTUmSU5UPTAmVkVSPTI=&clientId=12498.

Miller, Joshua B. (Joshua Brandon) 1973. "Development of replenishment and inventory management practices." Thesis, Massachusetts Institute of Technology, 2001. http://hdl.handle.net/1721.1/84520.

Valeva, Silviya Dimitrova. "Workforce and inventory management under uncertain demand." Diss., University of Iowa, 2017. https://ir.uiowa.edu/etd/5667.

Van, Wyk Estelle. "Modelling of inventory management in humanitarian logistics." Diss., University of Pretoria, 2012. http://hdl.handle.net/2263/25310.

FENG, KELI. "THREE ESSAYS ON PRODUCTION AND INVENTORY MANAGEMENT." University of Cincinnati / OhioLINK, 2005. http://rave.ohiolink.edu/etdc/view?acc_num=ucin1122442476.

Karimipour, Hadadan Elham. "Inventory Optimization through Integration of Marketing and Supply Chain Management." Thesis, Högskolan i Gävle, Avdelningen för ekonomi, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:hig:diva-21969.

Cook, Randal James. "ENVIRONMENTAL INTERNSHIP-ENVIRONMENTAL QUALITY MANAGEMENT, INC. TECHNICAL SERVICES DIVISION." Miami University / OhioLINK, 2004. http://rave.ohiolink.edu/etdc/view?acc_num=miami1094138195.

Diergaardt, Johannes Godfree. "An examination of shortcomings in inventory management and control in selected Saldanha Bay firms." Thesis, [S.l. : s.n.], 2007. http://dk.cput.ac.za/cgi/viewcontent.cgi?article=1067&context=td_cput.

Johansson, Markus, and Robin Harding. "Functionality assessment of inventory management software for SME." Thesis, KTH, Industriell Management, 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-131212.

Cristiani, Davide. "Inventory management con mini-droni: architettura e implementazione." Master's thesis, Alma Mater Studiorum - Università di Bologna, 2020. http://amslaurea.unibo.it/20929/.

Andersson, Henrik. "Coordinated Routing : applications in location and inventory management." Doctoral thesis, Norrköping : Dept. of Science and Tehcnology, Linköping University, 2006. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-7096.

Bossard, Daniel. "Ubiquitous computing based inventory management in supply chains /." [S.l.] : [s.n.], 2004. http://www.gbv.de/dms/zbw/470796219.pdf.

Jackson, Kenneth J. "Forecast error metrics for Navy inventory management performance." Thesis, Monterey, California. Naval Postgraduate School, 2011. http://hdl.handle.net/10945/5756.

Schwaneke, Robert L. "Essentiality weighting models for wholesale level inventory management." Thesis, Monterey, California. Naval Postgraduate School, 1988. http://hdl.handle.net/10945/23027.

Liang, Y. "The development of an intelligent inventory management system." Thesis, University of Salford, 1997. http://usir.salford.ac.uk/14812/.

Hillstrom, Nichole L. (Nichole Leigh), and Renato A. Malabanan. "Strategic inventory management of externally sourced medical devices." Thesis, Massachusetts Institute of Technology, 2013. http://hdl.handle.net/1721.1/81099.

Miller, John P. (John Paul) 1968. "Cycle time reduction through improvements in inventory management." Thesis, Massachusetts Institute of Technology, 1999. http://hdl.handle.net/1721.1/80522.

Chen, Annie I.-An. "Large-scale optimization in online-retail inventory management." Thesis, Massachusetts Institute of Technology, 2017. http://hdl.handle.net/1721.1/111854.

Mauro, Joseph (Joseph Peter). "Strategic inventory management in an aerospace supply chain." Thesis, Massachusetts Institute of Technology, 2008. http://hdl.handle.net/1721.1/44295.

Belobaba, Peter. "Air travel demand and airline seat inventory management." Thesis, Massachusetts Institute of Technology, 1987. http://hdl.handle.net/1721.1/14800.

Kang, Sheng. "Optimization for recipe-based, diet-planning inventory management." Thesis, Massachusetts Institute of Technology, 2010. http://hdl.handle.net/1721.1/61895.

Guo, Yuming M. Eng Massachusetts Institute of Technology. "Head & base production optimization : inventory management strategy." Thesis, Massachusetts Institute of Technology, 2009. http://hdl.handle.net/1721.1/55216.

Tan, Nicola. "Inventory management for perishable goods using simulation methods." Thesis, Massachusetts Institute of Technology, 2014. http://hdl.handle.net/1721.1/90752.

Herington, Stephen (Stephen Richard). "Supplier inventory and operations management process improvement methodology." Thesis, Massachusetts Institute of Technology, 2013. http://hdl.handle.net/1721.1/81000.

Arvidsson, Edvin. "Improving on Inventory Management Using Time Series Forecasting." Thesis, Uppsala universitet, Avdelningen för systemteknik, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-451064.

Tsai, Chih-Ta, and 蔡志達. "Performance Evaluation of Inventory Classification Combine Multi-Item Inventory Management." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/97738259370813628344.

"Inventory management of remanufacturable products." Sloan School of Management, Massachusetts Institute of Technology, 1997. http://hdl.handle.net/1721.1/2665.

Chen, Xin, Melvyn Sim, David Simchi-Levi, and Peng Sun. "Risk Aversion in Inventory Management." 2004. http://hdl.handle.net/1721.1/7465.

Chiou, Wei-Hau, and 邱偉豪. "Production-inventory management underdeterioration process." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/37726482648906659809.

Wu, Qi active 2013. "Inventory management and financing decisions." 2013. http://hdl.handle.net/2152/22809.

Lewis, James L. "Operating hours based inventory management." Thesis, 1986. http://hdl.handle.net/10945/22013.

"Enhancement of inventory management system." 1998. http://library.cuhk.edu.hk/record=b5889392.

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International Journal of Finance and Accounting

p-ISSN: 2168-4812    e-ISSN: 2168-4820

2018;  7(4): 83-96

doi:10.5923/j.ijfa.20180704.01

Impact of Inventory Management on Firm Performance: A Case Study of Listed Manufacturing Firms in Ghana

Suleman Bawa 1 , George Effah Asamoah 2 , Ernest Kissi 3

1 Student Graduate/CEO Bonkanzo Ltd, Leeds University Business School, University of Leeds, Leeds, United Kingdom

2 Senior Accountant, Finance Office, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana

3 Lecturer, Department of Building Technology, College of Art and Built Environment, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana

Copyright © 2018 The Author(s). Published by Scientific & Academic Publishing.

Despite numerous research on inventory management on firm performance, and manufacturing firm’s contribution to the Ghanaian economy, its contextual impact still need much investigation because of lack of clarity and divergent findings. The study aims to investigate the impact of inventory management on firm performance of listed manufacturing firms in Ghana. The study used a cross sectional secondary data designed to test whether there is any relationship between inventory management and firm’s performance of listed manufacturing firms in Ghana. The sample of this study included 140 firm-year observations from 14 listed manufacturing firms in Ghana Stock Exchange (GSE) over a 10-year period, from 2007 to 2016. Measures of firm performance which were profitability and operating cash flows were examined. Regression equations stated in the form of return on assets and operating cash flow was used in analysing firm performance data. Pearson correlation and multiple regression analysis was also used as proxies in relatedness to effective inventory management. The empirical results provided evidence that the main variable, inventory management have no effect on firm’s performance and is insignificantly related to firm performance of manufacturing firms in Ghana.

Keywords: Ghana Stock Exchange, Firm performance, Manufacturing firms, Inventory management, Profitability, Operating cash flow

Cite this paper: Suleman Bawa, George Effah Asamoah, Ernest Kissi, Impact of Inventory Management on Firm Performance: A Case Study of Listed Manufacturing Firms in Ghana, International Journal of Finance and Accounting , Vol. 7 No. 4, 2018, pp. 83-96. doi: 10.5923/j.ijfa.20180704.01.

Article Outline

1. introduction, 2. previous studies, 3. theoretical literature review, 4. empirical literature review, 5. methodology, 6. data analysis and discussion, 7. interpretation of findings, 8. conclusions, 9. recommendations, 10. limitations.

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Final Year Project On Inventory Management System Submitted By

This project is aimed at developing a desktop based application named Inventory Management System for managing the inventory system of any organization. The Inventory Management System (IMS) refers to the system and processes to manage the stock of organization with the involvement of Technology system. This system can be used to store the details of the inventory, stock maintenance, update the inventory based on the sales details, generate sales and inventory report daily or weekly based.

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