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Strategia zarządzania zapasami w przemyśle spożywczym w krajach rozwijających się
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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.
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.
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Rocznik
Tom
Strony
37--48
Opis fizyczny
Bibliogr. 30 poz., tab.
Twórcy
autor
- University of Cape Coast College of Humanities and Legal Studies, School of Business, Department of Marketing and Supply Chain Management, Cape Coast, Ghana
- University of Cape Coast College of Humanities and Legal Studies, School of Business, Department of Marketing and Supply Chain Management, Cape Coast, Ghana
autor
- University of Cape Coast College of Humanities and Legal Studies, School of Business, Department of Marketing and Supply Chain Management, Cape Coast, Ghana
Bibliografia
- 1. Ackah C., Adjasi C., Turkson F., 2014. Scoping study on the evolution of industry in Ghana (2014/075). WIDER Working Paper. http://hdl.handle.net/10419/97115
- 2. Al-Qudah L.A.M., Al-Hroot Y.A.K., 2017. The Implementing Activity-Based Costing Technique (ABC) and its impact on profitability: A Study of Listed Manufacturing Companies in Jordan. International Journal of Economics and Financial Issues, 7(2), 271-276.
- 3. Association of Ghana Industries, 2018. Fortune for Africa. Accra, Ghana: Association of Ghana Industries.
- 4. Atnafu D., Balda A., 2018. The impact of inventory management practice on firms’ competitiveness and organizational performance: Empirical evidence from micro and small enterprises in Ethiopia. Cogent Business & Management, 5(1), 1503219. http://doi.org/10.1080/23311975.2018.1503219
- 5. Biggart T.B., Gargeya V.B., 2002. Impact of JIT on inventory to sales ratios", Industrial Management & Data Systems, 102, 4, 197-202. http://doi.org/10.1108/02635570210423235
- 6. Chan S.W., Tasmin R., Aziati A.N., Rasi R.Z., Ismail F.B., Yaw L.P., 2017. Factors influencing the effectiveness of inventory management in manufacturing SMEs. In IOP Conference Series: Materials Science and Engineering, 226, 1, 012024.
- 7. Chen Z.X., Tan K.H., 2011. The perceived impact of JIT implementation on operations performance. Journal of Advances in Management Research, 8 (2), 213-235. http://doi.org/10.1108/09727981111175957
- 8. Creswell J.W. 2014. A concise introduction to mixed methods research, Sage Publications, New York, NY.
- 9. Elhamma A., 2015. Perceived benefits of ABC implementation in Moroccan enterprises: Results of an empirical study. American Journal of Business, Economics and Management, 3(2), 24-35.
- 10. Elsayed K., Wahba H., 2013. Reinvestigating the relationship between ownership structure and inventory management: A corporate governance perspective. International Journal of Production Economics, 143(1), 207-218. http://doi.org/10.1016/j.ijpe.2013.01.011
- 11. Gupta M.C., Boyd L.H., 2008. Theory of constraints: a theory for operations management. International Journal of Ope-rations & Production Management, 28(10), 991-1012. http://doi.org/10.1108/01443570810903122
- 12. John N., Etim J., Ime T., 2015. Inventory management practices and operational performance of flour milling firms in Lagos, Nigeria. International Journal of Supply and Operations Management, 1(4), 392-406.
- 13. Khan A., Siddiqui D.A., 2018. Information sharing and strategic supplier partnership in supply chain management: a study on pharmaceutical companies of Pakistan. Asian Business Review, 8(3), 117-124. https://ssrn.com/abstract=3397101
- 14. Kolawole A.D., Akomolafe A.B., Olusipe B.J., 2019. Inventory Management: An Impetus for Increased Profitability in Manufacturing Firms. International Journal of Accounting, Finance and Risk Management, 4(4), 1-6.
- 15. Koumanakos D.P., 2008. The effect of inventory management on firm performance. International Journal of Productivity and Performance Management, 57(5), 355-369. http://doi.org/10.1108/17410400810881827
- 16. Krumwiede K.R., Charles S.L., 2014. The use of activity-based costing with competitive strategies: impact on firm performance. Advances in Management Accounting (pp. 113-148), New York, NY: Emerald Group Publishing Limited. http://doi.org/10.1108/S1474-787120140000023004
- 17. Munyao R.M., Omulo V.O., Mwithiga M.W., Chepkulei B., 2015. Role of Inventory Management Practices on Performance of Production Department. A Case of Manufacturing Firms. International Journal of Economics, Commerce and Management, 3(5), 1625-1656.
- 18. Mulandi C.M., Ismail N., 2019. Effect of inventory management practices on performance of commercial state corporations in Kenya. International Academic Journal of Procurement and Supply Chain Management, 3(1), 180-197. http://www.iajournals.org/articles/iajpscm_v3_i1_180_197.pdf
- 19. Opoku R.K., Fiati H.M., Kaku G., Ankomah J., Opoku-Agyemang F., 2020. Inventory Management Practices and Operational Performance of Manufacturing Firms in Ghana. Advances in Research, 1-18. http://doi.org/10.9734/air/2020/v21i1030246
- 20. Panigrahi C.M.A., 2013. Relationship between inventory management and profitability: An empirical analysis of Indian cement companies. Asia Pacific Journal of Marketing & Management Review, 2(7), 23-37. https://ssrn.com/abstract=2342455
- 21. Pokorná J., 2016. Impact of Activity-Based costing on financial performance in the Czech Republic. Acta Universitatis agriculturae et silviculturae mendelianae brunensis, 64(2), 643-652. http://doi.org/10.11118/actaun201664020643
- 22. Qrunfleh S., Tarafdar M., 2013. Lean and agile supply chain strategies and supply chain responsiveness: the role of strategic supplier partnership and postponement. Supply Chain Management: An International Journal, 18(6), 571-582. http://doi.org/10.1108/SCM-01-2013-0015
- 23. Rajeev N., 2008. Inventory management in small and medium enterprises. Management Research News, 31(9), 659-669. http://doi.org/10.1108/01409170810898554
- 24. Rao V.M., Mangal D., 2018. Economic order quantity-a tool for inventory management- a case study. International Journal of Supply Chain and Inventory Management, 3(1), 56-65. http://doi.org/10.1504/IJSCIM.2018.098238
- 25. Saunders M., Lewis P., Thornhill A., 2012. Research methods for business students (6e éd.). Harlow, England.
- 26. Sunday O., Joseph E.E., 2017. Inventory Management and SMEs Profitability. A Study of Furniture Manufacturing, Whole-sale and Eatery Industry in Delta State, Nigeria. Journal of Finance, 5(3), 75-79. http://doi.org/10.12691/jfa-5-3-1
- 27. Stadtler H., 2008. Supply chain management: An overview, In Supply chain management and advanced planning, Springer, Berlin, Heidelberg. 9-36.
- 28. Taylor S.L., 2017. Food allergies-A public health dilemma how did we get here? Where are we going? Food Protection Trends, 37(6), 462-463.
- 29. Wambua B.J., Okibo W.B., Nyang'Au A., Ondieki S.M., 2015. Effects of Inventory Warehousing Systems on the Financial Performance of Seventh Day Adventist Institutions: A Case of Adventist Book Centers (ABC), Kenya. International Jour-nal of Business and Management, 10(4), 259-268. http://doi.org/110.5539/ijbm.v10n4p259
- 30. Weiss D., 2014. Internal controls in family-owned firms. European Accounting Review, 23(3), 63-482. http://doi.org/10.1080/09638180.2013.821814
Uwagi
PL
Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2021).
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Bibliografia
Identyfikator YADDA
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