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Relationship between Inventory Management and Uncertain Demand for Fast Moving Consumer Goods Organisations

机译:库存管理与快速消费品组织的不确定需求之间的关系

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摘要

This paper addresses relationship between inventory management and uncertain demand. It also assesses the effects of uncertain demand on inventory management in the fast moving consumer goods (FMCG). Inventory management should be given attention it deserves in order for the business to stay competitive, flexible for the demand and at low cost. Inventories are difficult to manage and control, and inventory managers find it challenging to know when to order and how much to order. The research was descriptive in nature and was conducted through the use of quantitative research methods. A survey questionnaire was used to collect primary data from five FMCG organisations in the manufacturing industry around Johannesburg. A sample of 255 respondents was involved in this study. According to the findings, significant relationship between inventory management and uncertain demand exists. The findings imply that poor inventory management will result in demands not being satisfied, organisations will either have too much or too little on hand, and this will result to the organisations’ failure.
机译:本文探讨库存管理与不确定需求之间的关系。它还评估了快速消费品(FMCG)中需求不确定对库存管理的影响。应该使库存管理得到应有的重视,以使企业保持竞争力,灵活应对需求并以低成本实现。库存难以管理和控制,库存经理发现知道何时订购以及订购多少具有挑战性。该研究本质上是描述性的,是通过使用定量研究方法进行的。调查问卷用于收集约翰内斯堡制造业中五个快速消费品组织的主要数据。 255名受访者的样本参与了这项研究。根据调查结果,库存管理与不确定需求之间存在显着关系。调查结果表明,不良的库存管理将导致无法满足需求,组织手头的太多或太少,这将导致组织的失败。

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