The Effect of Technology And Organizational Practices on Inventory Management Efficiency In Smes
Abstract
Effective inventory management systems are essential for industrial enterprises to maintain their competitive edge. Previous research found that several factors affect organisations’ inventory management strategies. Academics studying Hyderabad’s manufacturing sector have ignored SMEs. Research aims to better understand inventory management difficulties faced by small and medium-sized enterprises (SMBs) in manufacturing. Additionally, inventory control efficacy is considered. The poll was completed by 81 Hyderabad-based medium-sized corporate employees. We cannot enable you to join our community until you complete the survey. The study found that poor inventory management can cause faulty production estimations, manufacturing shortages, substantial supply delays, and poor record-keeping. Manufacturing SMEs requires planning, record keeping, human knowledge and skills, paperwork demands, and inventory management. In these companies, financial resources have less impact on product management. Any Hyderabad-based manufacturing company should examine the quantitative analysis’s recommendations to SME hiring managers.