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Leading Approaches to Increasing the Efficiency of the Inventory Process in the Retail Network

In: Sustainable Leadership for Entrepreneurs and Academics

Author

Listed:
  • Norbert Życzyński

    (Rzeszow University of Technology)

  • Tadeusz Olejarz

    (Rzeszow University of Technology)

Abstract

The inventory process is carried out in every business and state company and is typically obligatory. The support of an efficient IT system in a retail store is one of the most important leading factors improving the efficiency of key business processes, including the inventory process. One of the leading improvements in this process is the ability to enforce data entry. Another factor is the use of modern code readers. This is connected to the necessity to implement many improvements and modernization. However, these costs are completely justified in improving the company’s operation. Our paper is dedicated to eliciting the ways for increasing the efficiency of the inventory process in the retail network. Our empirical findings are based on the ERPwincash IT system that is the product developed by the authors and used in Polish business companies. Our results show that professional and modern support of business processes, including the inventory process, is associated not only with the simplification of processes, but also prevents unwanted incidents.

Suggested Citation

  • Norbert Życzyński & Tadeusz Olejarz, 2019. "Leading Approaches to Increasing the Efficiency of the Inventory Process in the Retail Network," Springer Proceedings in Business and Economics, in: Wadim Strielkowski (ed.), Sustainable Leadership for Entrepreneurs and Academics, pages 233-243, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-15495-0_24
    DOI: 10.1007/978-3-030-15495-0_24
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    Cited by:

    1. Vichitkunakorn, Panupong & Emde, Simon & Masae, Makusee & Glock, Christoph H. & Grosse, Eric H., 2024. "Locating charging stations and routing drones for efficient automated stocktaking," European Journal of Operational Research, Elsevier, vol. 316(3), pages 1129-1145.

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