Paper Title
Inventory Management Practices and Business Sustainability: Small Enterprises in Valencia City, Bukidnon
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Registration ID: IJNRD_225543
Published ID: IJNRD2407341
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Keywords
Inventory, Inventory Management, Business Sustainability
Abstract
This study aims to examine the relationship between inventory management practices and business sustainability of SMEs in Valencia City, Bukidnon, Philippines. A quantitative approach using a descriptive and correlational research design was used, with a survey questionnaire administered to 100 randomly selected respondents from businesses registered in local. Results show that inventory management practices are generally high among the sampled organizations, for inventory control, inventory systems, and inventory tracking warehouse. In addition, the level of corporate sustainability is considered high, with social sustainability achieving the highest efficiency, followed by economic and environmental sustainability. Moreover, study also found a positive and statistically significant relationship between inventory management practices and corporate sustainability. Inventory control shows the strongest correlation with sustainability, followed by inventory tracking and inventory systems. These findings suggest that effective implementation of inventory management strategies, including strong control mechanisms, efficient systems and meticulous monitoring, can significantly contribute to general sustainability of small and medium enterprises.
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How To Cite (APA)
Tracy Van H. Tangonan, Mart Andrew M. Losbaños, & Ronel V. Sudaria, DBA (July-2024). Inventory Management Practices and Business Sustainability: Small Enterprises in Valencia City, Bukidnon. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(7), d606-d609. https://ijnrd.org/papers/IJNRD2407341.pdf
Issue
Volume 9 Issue 7, July-2024
Pages : d606-d609
Other Publication Details
Paper Reg. ID: IJNRD_225543
Published Paper Id: IJNRD2407341
Research Area: Management
Author Type: Foreign Author
Country: Maramag, Bukidnon, Philippines
Published Paper PDF: https://ijnrd.org/papers/IJNRD2407341.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2407341
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