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Inventory Management in SMEs Operating in Polish Group Purchasing Organizations during the COVID-19 Pandemic

Author

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  • Grzegorz Zimon

    (Department of Finance, Banking and Accountancy, The Faculty of Management, Rzeszow University of Technology, 35-959 Rzeszow, Poland)

  • Vitalina Babenko

    (Department of International E-Commerce and Hotel & Restaurant Business, V.N. Karazin Kharkiv National University Svobody sq., 4, 61022 Kharkiv, Ukraine)

  • Beata Sadowska

    (Department of Economics, Finance and Management, University of Szczecin, Mickiewicza 64, 71-101 Szczecin, Poland)

  • Katarzyna Chudy-Laskowska

    (The Faculty of Management, Department of Quantitative Methods, The Faculty of Management, Rzeszow University of Technology, 35-959 Rzeszow, Poland)

  • Blanka Gosik

    (Department of Regional Research University of Lodz, Branch in Tomaszów Mazowiecki, ul. Konstytucji 3Maja 65/67, 97-200 Tomaszow Mazowiecki, Poland)

Abstract

The COVID-19 virus has hit the economy around the world. In Poland, SMEs have the greatest problems with doing business. Border blockades and the quarantine for enterprises in virtually all industries throughout Poland greatly complicated the supply systems and the inventory management process. Up to now, SMEs have acted in group purchasing organizations to improve their competitive position. This form of activity also positively affects their financial security. Therefore, in this paper, the inventory management among this group of companies during the COVID-19 pandemic was analyzed. The purpose of the paper was to show how inventory management strategies changed during the COVID-19 pandemic in SMEs operating in industry GPOs. The analysis was carried out on a group of 88 Polish commercial enterprises operating in purchasing groups. The research period covered the years 2017–2019 and March–June 2020. The research showed a change in inventory management strategy in SMEs during the pandemic time of COVID-19. For the first four months, managers of enterprises tried to pursue a conservative policy and to accumulate stocks in the event of a shortage of supplies. This article also presents the form of security that was applied for SMEs operating in group purchasing organizations (GPOs) to avoid forced downtime caused by the COVID-19 pandemic.

Suggested Citation

  • Grzegorz Zimon & Vitalina Babenko & Beata Sadowska & Katarzyna Chudy-Laskowska & Blanka Gosik, 2021. "Inventory Management in SMEs Operating in Polish Group Purchasing Organizations during the COVID-19 Pandemic," Risks, MDPI, vol. 9(4), pages 1-16, April.
    • Handle: RePEc:gam:jrisks:v:9:y:2021:i:4:p:63-:d:528007
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    References listed on IDEAS

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