Abstract

Jaykishan Gupta, Prateek Kumar Kori, Chandrashekhar Shrivas

ABSTRACT

Given that Satya Spare Parts Stores is a distribution industry in a resource limited setting the study was carried out to investigate the effectiveness of inventory and stores management on turnover for Satya Spare Parts Stores in a resource inadequate setting. The study uses a cross sectional research design methodology where Satya Spare Parts Stores is a case study with an objective of evaluating the effectiveness of inventory monitoring and information management on turnover. Data was collected essentially from primary sources using self administered questionnaires. The findings arising from this evaluation reveal that inventory management practices are effective on inventory turnover. The established that inventory information management had a strapping effect on demand forecasting and direct effect on turnover. The work also finds that it is possible to improve inventory management and optimize inventory turnover, a number of operational strategies are implemented. The Work, therefore, recommended that continuous growth in turnover must be implemented through interventions through organizational strategy and operational efficiency affecting inventory management practices.