Inventory Management Practices and Business Sustainability: Small Enterprises in Valencia City, Bukidnon

Registration ID: IJNRD_225543

Published ID: IJNRD2407341

DOI: Click Here to Get

Tracy Van H. Tangonan , Mart Andrew M. Losbaños , Ronel V. Sudaria, DBA

Inventory, Inventory Management, Business Sustainability

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.

Published Paper   E-Certificate

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

Volume 9 Issue 7, July-2024

Pages : d606-d609

Paper Reg. ID: IJNRD_225543

Published Paper Id: IJNRD2407341

Downloads: 000122059

Research Area: Management

Country: Maramag, Bukidnon, Philippines

Published Paper PDF: https://ijnrd.org/papers/IJNRD2407341.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2407341

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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