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An Evaluation of Inventory Management and Performance in Indian Machine Tool SMEs: An Exploratory Study

Rajeev, N (2008) An Evaluation of Inventory Management and Performance in Indian Machine Tool SMEs: An Exploratory Study. In: 4th IEEE International Conference on Management of Innovation and Technology, 2008. ICMIT 2008., 21-24 Sept. 2008, Bankok, Thailand, pp. 1412-1417.

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Abstract

Inventory Management (IM) plays a decisive role in the enhancement of efficiency and competitiveness of manufacturing enterprises. Therefore, major manufacturing enterprises are following IM practices as a strategy to improve efficiency and achieve competitiveness. However, the spread of IM culture among Small and Medium Enterprises (SMEs) is limited due to lack of initiation, expertise and financial limitations in developed countries, leave alone developing countries. With this backdrop, this paper makes an attempt to ascertain the role and importance of IM practices and performance of SMEs in the machine tools industry of Bangalore, India. The relationship between inventory management practices and inventory cost are probed based on primary data gathered from 91 SMEs. The paper brings out that formal IM practices have a positive impact on the inventory performance of SMEs.

Item Type: Conference Paper
Additional Information: Copyright of this article belongs to IEEE 2008. This material is posted here with permission of the IEEE. Such permission of the IEEE does not in any way imply IEEE endorsement of any of Raman Research Institute's's products or services. Internal or personal use of this material is permitted. However, permission to reprint/republish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution must be obtained from the IEEE by writing to pubs-permissions@ieee.org. By choosing to view this document, you agree to all provisions of the copyright laws protecting it." IEEE International Conference on Management of Innovation and Technology, Bangkok, THAILAND, SEP 21-24, 2008.
Keywords: IM practices;Inventory cost per sales;Inventory turn over ratio;SMEs.
Department/Centre: Division of Information Sciences > Management Studies
Date Deposited: 01 May 2009 04:52
Last Modified: 19 Sep 2010 05:27
URI: http://eprints.iisc.ernet.in/id/eprint/19209

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