What is it about?
inventory is an important current asset to any manufacturing firms across the globe. It accounts for over 70 percent of the total current assets of most manufacturing firms in Ghana; thus the need to adopt different practices to ensure effective inventory management. This paper examines the effect of different inventory management practices on the operational performance of manufacturing firms in Ghana.
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Why is it important?
The study's findings reveal that inventory management practices notably strategic supplier partnerships have a significant positive effect on the operational performance of manufacturing firms in Ghana. As such, the findings would inform the existing policies and practices of manufacturing firms in Ghana with respect to promoting inventory management and overall performance levels.
Perspectives
Although this article concentrated on manufacturing firms in Ghana, it is also expected to inform the policies and practices of other manufacturing firms in other developing economies across the globe. Firms in some advanced economies can also rely on the study's findings to make valuable decisions whenever inventory management is concerned.
Mr Richard Kofi Opoku
Beijing University of Chemical Technology
Read the Original
This page is a summary of: Inventory Management Practices and Operational Performance of Manufacturing Firms in Ghana, Advances in Research, September 2020, Sciencedomain International,
DOI: 10.9734/air/2020/v21i1030246.
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