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Features of inventory management in logistics system of a trading enterprise

Journal: Management and Entrepreneurship: Trends Of Development (Vol.4, No. 10)

Publication Date:

Authors : ;

Page : 94-107

Keywords : trading enterprise; inventory management system; trading inventories; continuity of logistics operations; fluctuations in demand; warehouse costs;

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The article aims to define the role of inventory management in the logistics system of a trading enterprise. In the article general theoretical aspects of inventory management have been identified and existing systems of trading enterprises' inventory management have been analyzed. General scientific theoretical and empirical methods have been used in the course of the research: observation and comparison, analytical, grouping and generalization of data, structural methods, elements of economic and financial analysis. Having analyzed the existing inventory management systems of trading enterprises and having examined the main directions of improving the inventory management system at domestic trading companies, it was determined that to solve all the tasks on fostering the efficiency of trading companies, it is necessary to create and develop their integrated trading management system, based on synchronized use of existing models. As a result the relevance and feasibility of modifying the inventory management system at a trade enterprise are substantiated. It is stated that effective inventory management of a trading enterprise should be based on: the use of powerful information technologies; improving inventory control and supply coordination; ensuring the continuous interaction of the functional subsystems of the whole set of enterprises-producers, consumers and suppliers and establishing effective communication with them; modification of the planning system in the field of sales, procurement, promotion and motivation of staff; optimization of the enterprise marketing system and improvement of order management; reorganization of the warehouse system in accordance with the selected order management system.

Last modified: 2020-02-28 20:42:28