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Issues of Forming Inventory Management System in Small Businesses

Author

Listed:
  • Inna Babenko Viktorovna

    (Southwest State University, 50 Let Oktyabrya Ul., 94, 305040, Russia,)

  • Pavel Pochechun Ivanovich

    (Southwest State University, 50 Let Oktyabrya Ul., 94, 305040, Russia.)

Abstract

An increase in the inventories effi cient use gives a jump-start to the growth of small business economic effi ciency. Application of the system approach to inventory management allows monitoring the whole process of material fl ow and minimize randomness of this process. The very system of inventory management should be understood as a system of material fl ow 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 fl ow are represented in the article.

Suggested Citation

  • Inna Babenko Viktorovna & Pavel Pochechun Ivanovich, 2016. "Issues of Forming Inventory Management System in Small Businesses," International Review of Management and Marketing, Econjournals, vol. 6(3), pages 522-527.
    • Handle: RePEc:eco:journ3:2016-03-16
    as

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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Inventory; Functions of the Inventory Management; Production Scheduling; Supply Chain;
    All these keywords.

    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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