IJSSE - International Journal of Social Sciences and Entrepreneurship Upcoming Journals: International Journal of Innovation and Management (IJIM), International Journal of Engineering and Architecture (IJEA) & International Journal of Science and Agriculture | IJAE, IJEF & IJHRP Call for Papers - Forthcoming Issue (Decemer 2014). Submission deadline: 25th December 2014 |

No images

UserInfo


54.166.181.58
United States United States
Your Time

User Statistics Info
IJSSE is one of the leading International Journals by User Statistics!

Login Form



IJSSE Newsletter Form
Full Names *
E-mail Address: *
Country *
PDF Print E-mail

EFFECT OF INVENTORY CONTROL PRACTICES ON PERFORMANCE OF RETAIL CHAIN STORES IN NAIROBI COUNTY, KENYA

 

Ivy Damma Ivionna Shajema

College of Human Resource and Development,

Jomo Kenyatta University of Agriculture and Technology

P. O. Box 62000, 00200 Nairobi, Kenya

Corresponding Author email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

Dr. Patrick Mwangangi

College of Human Resource and Development,

Jomo Kenyatta University of Agriculture and Technology

P. O. Box 62000, 00200 Nairobi, Kenya

 

CITATION: Shajema, I., D., I. & Mwangangi, P. (2018). Effect Of Inventory Control Practices On Performance Of Retail Chain Stores In Nairobi County, Kenya. International Journal of Human Resources and Procurement. Vol. 7 (5) pp 35 – 52.

ABSTRACT

 

The retail industry, specifically focusing on wholesale and retail, contributes up to a third of the employment in formal and informal establishments in Kenya. In as much as the vision of the wholesale and retail trade sector is to move towards a formal sector, the industry has of late faced changes that have seen a number of large retail chains being affected due to poor performance for instance, Uchumi and Nakumatt. These negative trends in performance of the retail chains are linked to structural inefficiencies in the supply chains and one of the critical challenges facing the retail chains is the inventory practices and arguments that inventory management is an area which requires increased attention because inventories account for more than seventy percent of the total costs of retail chains. Proper inventory management has often been linked to procurement performance and ultimately the overall performance. Since the problem of poor performance in the retail chains sector is also attributed to performance, then an investigation of inventory control management is a consideration. The study therefore established the effect of inventory control practices on performance of retail chain stores in Nairobi County. The study specifically focused on vendor management inventory system, lean practices, inventory stock taking and strategic supplier management practices. A descriptive survey design was adopted for the study. The focus was on all the 144 retail chain stores in the county as indicated in the Nairobi County Report. Primary data was collected using structured questionnaire presented in likert scale. The findings revealed a positive and significant effect of vendor management inventory system, lean practices, inventory stock taking and strategic supplier management practices on performance of retail chain stores in Nairobi County, Kenya. The study recommends that there is a need for retail chain stores as well as other firms that handle inventories to invest in improving their VMI systems by focusing on integration of ICT with inventory functions, invest in improving lean practices such as demand management practices like forecasting, improve on inventory stock taking practices and focus on adoption of strategic supplier management practices.

 

Key Words: Vendor Management Inventory System, Lean Practices, Inventory Stock Taking and Strategic Supplier Management Practices

 

 

Full Text PDF Format

 

 
Banner
Publication Disclaimer: The accountability of the article published in IJSSE journals is entirely of the author(s) concerned and not of the publisher/editor. The view expressed in the articles of any IJSSE journal is those of the contributors, and it does not essentially correspond to the views of the publisher/editor. It is responsibility of the authors to seek copyright clearance for any part of the content of the articles. The publisher/editor of IJSSE journals is not liable for errors or any consequences arising from the exercise of information contained in it.
Free counters!
IJSSE - International Journal of Social Sciences and Entrepreneurship | Copyright 2013 | All Rights Reserved  <