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Assessing the Inventory Management Practices of Milktea Shops in Nueva Vizcaya

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  • Abando, Aedine Joy I.

    (Bachelor of Science in Accountancy and Bachelor of Science in Management Accounting, Faculty of the School of Accountancy and Business, Saint Mary’s University Bayombong, Nueva Vizcaya)

  • Agnahe, Strawberry Winona T.

    (Bachelor of Science in Accountancy and Bachelor of Science in Management Accounting, Faculty of the School of Accountancy and Business, Saint Mary’s University Bayombong, Nueva Vizcaya)

  • Sarinia, Crystel Kaye G.

    (Bachelor of Science in Accountancy and Bachelor of Science in Management Accounting, Faculty of the School of Accountancy and Business, Saint Mary’s University Bayombong, Nueva Vizcaya)

  • WTestado, Ady F.

    (Bachelor of Science in Accountancy and Bachelor of Science in Management Accounting, Faculty of the School of Accountancy and Business, Saint Mary’s University Bayombong, Nueva Vizcaya)

  • Timmangao Jr. Barris T.

    (Bachelor of Science in Accountancy and Bachelor of Science in Management Accounting, Faculty of the School of Accountancy and Business, Saint Mary’s University Bayombong, Nueva Vizcaya)

  • Soriano, John Lindy R

    (Bachelor of Science in Accountancy and Bachelor of Science in Management Accounting, Faculty of the School of Accountancy and Business, Saint Mary’s University Bayombong, Nueva Vizcaya)

Abstract

A successful firm in the food and beverage sector must have an efficient inventory management system in place in order to be profitable. It is of critical importance in maintaining the availability of goods, reducing costs, and maximizing the level of pleasure experienced by customers. In recent years, milktea businesses have seen tremendous popularity growth, notably in a number of communities located within the province of Nueva Vizcaya. This study aimed to determine the inventory management practices of milktea shops in selected municipalities of Nueva Vizcaya, namely Solano and Bayombong where most of the registered opened milktea shops are located, for the second semester S.Y. 2024 – 2025. Descriptive-quantitative research design was used to determine the profile variables of the milktea shops owners or managers in their level of inventory management practices in selected municipalities of Nueva Vizcaya in terms of ordering, receiving, storing, delivery, packaging and spoilage., The owners/managers of milktea shop businesses in selected municipalities of Nueva Vizcaya were assessed in terms of their inventory management practices because they have direct control and direct supervision over their inventory. A survey questionnaire was used to get information from a total of 16 selected respondents who are the managers or owners of the milktea shops. The study revealed that milktea shops in Nueva Vizcaya exhibit strong inventory management practices across various dimensions, ensuring product quality and operational efficiency. These practices are consistent across different business profiles, highlighting a standardized approach within the industry.

Suggested Citation

  • Abando, Aedine Joy I. & Agnahe, Strawberry Winona T. & Sarinia, Crystel Kaye G. & WTestado, Ady F. & Timmangao Jr. Barris T. & Soriano, John Lindy R, 2024. "Assessing the Inventory Management Practices of Milktea Shops in Nueva Vizcaya," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(11), pages 2919-2940, November.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:11:p:2919-2940
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    References listed on IDEAS

    as
    1. Sucky, Eric, 2005. "Inventory management in supply chains: A bargaining problem," International Journal of Production Economics, Elsevier, vol. 93(1), pages 253-262, January.
    2. Yanyan He & Juan Zhang & Qinglong Gou & Gongbing Bi, 2018. "Supply chain decisions with reference quality effect under the O2O environment," Annals of Operations Research, Springer, vol. 268(1), pages 273-292, September.
    3. Delmar, Frederic & Shane, Scott, 2004. "Legitimating first: organizing activities and the survival of new ventures," Journal of Business Venturing, Elsevier, vol. 19(3), pages 385-410, May.
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