Inventory management and business profitability: an approach to mass consumption trading companies
Abstract
Mass consumption SMEs have been challenged to improve their inventory management. Therefore, the objective of the research was to analyze inventory management and financial performance through a study of managerial competencies of mass consumption SMEs in the Latacunga canton. The methodology used had a quantitative approach, with a correlational level, since it related both dependent and independent variables. The sample consisted of 293 mass consumption SMEs. The results showed that inventory management has a 74% influence on financial performance, since it allows identifying the economic and financial aspects that show the conditions in which the company operates with respect to the level of liquidity, solvency, and indebtedness. Finally, it was concluded that the managerial competencies of the leaders of these companies should be evaluated.
Downloads
Metrics
References
Andiyappillai, N. (2019). Data Analytics in Warehouse Management Systems (WMS) Implementations – A Case Study. International Journal of Computer Applications, 181(47), 14–17. https://doi.org/10.5120/ijca2019918542
Castrellón, X., Cuevas, G., & Calderón, R. (2021). La importancia de los estados financieros en la toma de decisiones. Revista Faeco Sapiens, 4(2), 82–96.
Chimezie, U. (2021). Inventory Management Techniques of Small and Medium Scale Enterprises in Anambra State. UNIZIK Journal of Educational Research and Policy Studies, 3(4), 295–307. https://unijerps.org/index.php/unijerps/article/view/59
Contreras, O., Polo, J., & Montoya, G. (2022). Revisión de la Literatura sobre Gestión de Inventario en la Industria Textil. Qantu Yachay, 2(1), 26–40. https://doi.org/10.54942/qantuyachay.v2i1.19
Gokhale, P., & Kaloji, M. (2018). A Study on Inventory Management and Its Impact on Profitability in Foundry Industry at Belagavi, Karnataka. International Journal of Latest Technology in Engineering, Management & Applied Science, 7(9), 29–31.
Hassan, G., Seyedeh, A., & Chini, M. (2019). An Empirical Investigation on the Impact of Corporate Social Responsibility on Brand Equity within Perceived Service Quality Framework. Mediterranean Journal of Social Sciences, 4(6), 119–125. https://doi.org/10.5901/mjss.2013.v4n6p119
Jadán, V., & López, C. (2021). Buenas prácticas de control y gestión de inventarios para la Asociación Productores Agropecuarios Llanitos Verdes. Cienciamatria, 7(2), 248–278. https://doi.org/10.35381/cm.v7i2.510
Khan, M. (2020). The Effects of Inventory Management capability on Performance of the Firm- Business Strategies as a Mediating Role. Asian Finance & Banking Review, 4(2), 1–7. https://doi.org/10.46281/asfbr.v4i2.649
Karim, N.A., Nawawi, A. and Salin, A.S.A.P. (2018). Inventory control weaknesses – a case study of lubricant manufacturing company. Journal of Financial Crime, 25(2), 436-449. https://doi.org/10.1108/JFC-11-2016-0077
Lucas, M., & Chancay, C. (2022). Estrategia metodológica para fomentar la comprensión lectora en los estudiantes de educación general básica. Revista EDUCARE, 26(2), 1–22. https://doi.org/10.46498/reduipb.v26iextraordinario.1666
Mendoza, A., & Ramírez, J. (2020). Aprendiendo metodología de la investigación. Editorial Grupo Compás.
Nofiana, L., & Sunarsi, D. (2020). The influence of inventory round ratio and activities round ratio of profitability (ROI). JASa. Jurnal Akuntansi, Audit Dan Sistem Informasi Akuntansi, 4(1), 95–103. https://doi.org/10.36555/jasa.v4i1.1340
Oladele, T., Ogundokun, R., Adegun, A., Adeniyi, E., & Ajanaku, A. (2021). Development of an inventory management system using association rule. Indonesian Journal of Electrical Engineering and Computer Science, 21(3), 1868–1876. https://doi.org/10.11591/ijeecs.v21.i3.pp1868-1876
Olaoye, S., & Okunade, R. (2020). Working Capital Management and Profitability of Listed Manufacturing Firms in Nigeria. Journal of Economics, Management and Trade, 26(7), 63-69. https://doi.org/10.9734/jemt/2020/v26i730275
Olusuyi, E., Olutokunbo, T., & Ebun, F. (2021). Effective Inventory Management Practice and Firms Performance: Evidence From Nigerian Consumable Goods Firms. American International Journal of Business Management, 4(5), 65–76.
Padilla-Avalos, C.-A., & Marroquín-Soto, C. (2021). Enfoques de Investigación en Odontología: Cuantitativa, Cualitativa y Mixta. Revista Estomatológica Herediana, 31(4), 338-340. https://doi.org/10.20453/reh.v31i4.4104
Regalado, M., & Hinostrosa, G. (2022). Niveles de la responsabilidad social empresarial en la Cooperativa de Ahorro y Crédito del Magisterio Manabita. Dominio de Las Ciencia, 8(1), 871–886. https://dominiodelasciencias.com/ojs/index.php/es/article/view/2610
Ries, E., Yousif, T., Ardhani, L., & Putri, E. (2020). The Inventory Control System’s Weaknesses Based on the Accounting Postgraduate Students’ Perspectives. Journal of Accounting and Business Education, 5(9), 38–53.
Sampieri Hernandez, R. (2010). Metodologia de la investigacion. McGraw-Hill.
Seijas, B. (2021). Gestión de Inventarios eficiente por la aplicación de Control Interno. Vinculatégica, 7(2), 660–669. https://doi.org/10.29105/vtga7.2-21
Sylvere, M., & Irechukwu, E. (2022). Inventory Management Practices and Operational Performance of Manufacturing Companies in Rwanda: A Case of Bralirwa Plc M. Journal of Strategic Management, 6(2), 86–102.
Villalobos, L. (2019). Enfoques y diseños de investigación social: cuantitativos, cualitativos y mixtos. Educación Superior, 18(27), 96–99.
Zambrano, E., & Zambrano, J. (2022). Gestión de inventarios en empresas públicas fusionadas. Dominio de Las Ciencias, 8(2), 387–401.
Copyright (c) 2023 Mayra Alexandra Moreno Chávez, Mélida Alexandra Guanotásig Umajinga, Kléver Armando Moreno Gavilanes
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
