Issues of Forming Inventory Management System in Small Businesses
An increase in the inventories efficient use gives a jump-start to the growth of small business economic efficiency. Application of the system approach to inventory management allows monitoring the whole process of material flow and minimize randomness of this process. The very system of inventory...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2016-07-01
|
| Series: | International Review of Management and Marketing |
| Online Access: | https://econjournals.com/index.php/irmm/article/view/2080 |
| _version_ | 1797923681987461120 |
|---|---|
| author | Inna Babenko Viktorovna Pavel Pochechun Ivanovich |
| author_facet | Inna Babenko Viktorovna Pavel Pochechun Ivanovich |
| author_sort | Inna Babenko Viktorovna |
| collection | DOAJ |
| description |
An increase in the inventories efficient use gives a jump-start to the growth of small business economic efficiency. Application of the system approach to inventory management allows monitoring the whole process of material flow and minimize randomness of this process. The very system of inventory management should be understood as a system of material flow planning, control and regulation. Application of the system approach to inventory management allows carrying out goal and target decomposition at different levels of management. For the said purpose, the stages of forming inventory management system taking into account the whole cycle of enterprise material flow are represented in the article.
Keywords: Inventory, functions of the inventory management
JEL Classifications: G31, L2
|
| first_indexed | 2024-04-10T14:50:21Z |
| format | Article |
| id | doaj.art-95b1b1a2d3ef435abdebb493814910ee |
| institution | Directory Open Access Journal |
| issn | 2146-4405 |
| language | English |
| last_indexed | 2024-04-10T14:50:21Z |
| publishDate | 2016-07-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Review of Management and Marketing |
| spelling | doaj.art-95b1b1a2d3ef435abdebb493814910ee2023-02-15T16:07:37ZengEconJournalsInternational Review of Management and Marketing2146-44052016-07-0163Issues of Forming Inventory Management System in Small BusinessesInna Babenko Viktorovna0Pavel Pochechun Ivanovich1Southwest State UniversitySouthwest State University An increase in the inventories efficient use gives a jump-start to the growth of small business economic efficiency. Application of the system approach to inventory management allows monitoring the whole process of material flow and minimize randomness of this process. The very system of inventory management should be understood as a system of material flow planning, control and regulation. Application of the system approach to inventory management allows carrying out goal and target decomposition at different levels of management. For the said purpose, the stages of forming inventory management system taking into account the whole cycle of enterprise material flow are represented in the article. Keywords: Inventory, functions of the inventory management JEL Classifications: G31, L2 https://econjournals.com/index.php/irmm/article/view/2080 |
| spellingShingle | Inna Babenko Viktorovna Pavel Pochechun Ivanovich Issues of Forming Inventory Management System in Small Businesses International Review of Management and Marketing |
| title | Issues of Forming Inventory Management System in Small Businesses |
| title_full | Issues of Forming Inventory Management System in Small Businesses |
| title_fullStr | Issues of Forming Inventory Management System in Small Businesses |
| title_full_unstemmed | Issues of Forming Inventory Management System in Small Businesses |
| title_short | Issues of Forming Inventory Management System in Small Businesses |
| title_sort | issues of forming inventory management system in small businesses |
| url | https://econjournals.com/index.php/irmm/article/view/2080 |
| work_keys_str_mv | AT innababenkoviktorovna issuesofforminginventorymanagementsysteminsmallbusinesses AT pavelpochechunivanovich issuesofforminginventorymanagementsysteminsmallbusinesses |