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ROLE OF INVENTORY OPTIMIZATION ON E-PROCUREMENT PERFORMANCE IN STATE PARASTATALS IN KENYA Noor Ismail Shalle PhD. in Procurement and Supply Chain Management, Jomo Kenyatta University of Agriculture and Technology, Kenya Wario Guyo, Ph.D Deputy Director, CBD Campus, Jomo Kenya University of Agriculture and Technology, Kenya Dr. Iravo Mike Amuhaya PhD. in Human Resource Management, Jomo Kenyatta University of Agriculture and Technology, Kenya ABSTRACT Due to global supply chains, inventory interactions often involve many different firms with long production replenishment times and inventory in balances. To coordinate demand requests, transportation and inventory management utilize the benefit of strategic supply chain tools such as information technology to lower and make ordering more efficient. Inventory mismanagement will adversely affect an organization’s operations by arresting financial resources that could have been channeled to other profitable sectors and/or activities. Obtaining the optimal constant price jointly with inventory policy is also important to evaluate the benefit of dynamic pricing policies. Limited or no access to timely information regarding both domestic and export markets especially with respect to such matters as supply volumes and quantities has led to supply shortages because players are never aware of how many orders a customer has placed and how much should be ordered from suppliers. Unavailability of inventory has affected customer satisfaction with in the downstream chain hence leading to loss of chain profits among the channel members.This study therefore sought to investigate Inventory Optimization by state parastatals in Kenya. The study adopted descriptive design. |