An Exploratory Framework of the Role of Handling Inventory and its Management

Abstract

Apt inventory holding and it distinguished management impart economy and efficiency in businesses with effective stablisation and utilisation of the inventories. Inventory conveys the stock held in by the business for sale in the normal course of the business. The paper focuses an exploratory framework of the role of handling inventory with its proper management. 152 wholesalers in district Udhampur of J&K State were contacted through snowball referral sampling. The research framework was examined by empirical analysis of primary data collected. Validity and reliability of the scales in the construct were assessed through BTS and Cronbach-alpha. The data after purification and validation through factor analysis were subjected to multivariate tools. The results of hierarchal regression model and ANOVA revealed reduction in costs, economy and efficiency, and inventory stablisation being the predictors of proper inventory management. Further, it was noticed that wholesalers with different qualification significantly differ with regard to handling inventory and their management; with different previous work experience do not significantly differ in handling inventory and their proper management; and wholesalers in different locations do not differ significantly with regard to inventory management and handling.

Keywords: Inventory, Planning, Management, Wholesalers. Supply Chain.

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