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Title: :  FACTORS AFFECTING TO THE INVENTORY MANAGEMENT OF LISTED MANUFACTURING COMPANIES IN SRI LANKA
PaperId: :  12641
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 6 Issue 5 2020
DUI:    16.0415/IJARIIE-12641
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
JMN WijekumaraRajarata University of Sri Lanka

Abstract

Management & Commerce
Inventory Management, Manufacturing Companies, Procurement procedure
ABSTRACT Inventory Management concept is a one of integral component of the manufacturing company to utilize resources effective and efficient manner. The purpose of this study to examine what factors affecting to the inventory management with reference to the 36 listed manufacturing companies in Colombo Stock Exchange Sri Lanka, based on convenient sampling method. Data were collected through structured questionnaire distributing via e-mail and postal mail for store managers, procurement executive, stock keeper and inventory handler as respondents. Descriptive Statistics, Pearson correlation analysis and multiple leaner regression tool were adopted to test the hypotheses. The researchers have implemented the five-point Likert scale rating method (1= strongly disagree and 5 = strongly agree) for this study. The study found that Procurement procedure, Inventory Planning, Documentation and Funding are significantly influence to the inventory management practices but skills of staff is not significantly influence to the inventory management practices. Hence this study recommended that sufficient procurement procedure system with inventory planning and documentation is needed to maintain success inventory management system in listed manufacturing companies in Sri Lanka. The findings of the study hold practical implications for Policy makers, Managers, investors, procurement executive and stock keepers.

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IJARIIE JMN Wijekumara. "FACTORS AFFECTING TO THE INVENTORY MANAGEMENT OF LISTED MANUFACTURING COMPANIES IN SRI LANKA" International Journal Of Advance Research And Innovative Ideas In Education Volume 6 Issue 5 2020 Page 247-254
MLA JMN Wijekumara. "FACTORS AFFECTING TO THE INVENTORY MANAGEMENT OF LISTED MANUFACTURING COMPANIES IN SRI LANKA." International Journal Of Advance Research And Innovative Ideas In Education 6.5(2020) : 247-254.
APA JMN Wijekumara. (2020). FACTORS AFFECTING TO THE INVENTORY MANAGEMENT OF LISTED MANUFACTURING COMPANIES IN SRI LANKA. International Journal Of Advance Research And Innovative Ideas In Education, 6(5), 247-254.
Chicago JMN Wijekumara. "FACTORS AFFECTING TO THE INVENTORY MANAGEMENT OF LISTED MANUFACTURING COMPANIES IN SRI LANKA." International Journal Of Advance Research And Innovative Ideas In Education 6, no. 5 (2020) : 247-254.
Oxford JMN Wijekumara. 'FACTORS AFFECTING TO THE INVENTORY MANAGEMENT OF LISTED MANUFACTURING COMPANIES IN SRI LANKA', International Journal Of Advance Research And Innovative Ideas In Education, vol. 6, no. 5, 2020, p. 247-254. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/FACTORS_AFFECTING_TO_THE_INVENTORY_MANAGEMENT_OF_LISTED_MANUFACTURING_COMPANIES_IN_SRI_LANKA_ijariie12641.pdf (Accessed : 01 June 2021).
Harvard JMN Wijekumara. (2020) 'FACTORS AFFECTING TO THE INVENTORY MANAGEMENT OF LISTED MANUFACTURING COMPANIES IN SRI LANKA', International Journal Of Advance Research And Innovative Ideas In Education, 6(5), pp. 247-254IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/FACTORS_AFFECTING_TO_THE_INVENTORY_MANAGEMENT_OF_LISTED_MANUFACTURING_COMPANIES_IN_SRI_LANKA_ijariie12641.pdf (Accessed : 01 June 2021)
IEEE JMN Wijekumara, "FACTORS AFFECTING TO THE INVENTORY MANAGEMENT OF LISTED MANUFACTURING COMPANIES IN SRI LANKA," International Journal Of Advance Research And Innovative Ideas In Education, vol. 6, no. 5, pp. 247-254, Sep-Oct 2020. [Online]. Available: https://ijariie.com/AdminUploadPdf/FACTORS_AFFECTING_TO_THE_INVENTORY_MANAGEMENT_OF_LISTED_MANUFACTURING_COMPANIES_IN_SRI_LANKA_ijariie12641.pdf [Accessed : 01 June 2021].
Turabian JMN Wijekumara. "FACTORS AFFECTING TO THE INVENTORY MANAGEMENT OF LISTED MANUFACTURING COMPANIES IN SRI LANKA." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 6 number 5 (01 June 2021).
Vancouver JMN Wijekumara. FACTORS AFFECTING TO THE INVENTORY MANAGEMENT OF LISTED MANUFACTURING COMPANIES IN SRI LANKA. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2020 [Cited : 01 June 2021]; 6(5) : 247-254. Available from: https://ijariie.com/AdminUploadPdf/FACTORS_AFFECTING_TO_THE_INVENTORY_MANAGEMENT_OF_LISTED_MANUFACTURING_COMPANIES_IN_SRI_LANKA_ijariie12641.pdf
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