Supplier Delivery Lead Time, Technology Adoption and Inventory Management in Selected Manufacturing Firms in Uganda.
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Date
2023
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Abstract
Organisations today can’t compete favourably without organising their inventory in a manner appropriate to match the industry’s competition (Agu et al., 2019). Kazim (2018) argued that today, it is not a choice, but a necessity for every inventory holding firm to enhance on their inventory management practices. Inventory management is a complex part of Supply Chain Management and has a high impact on customer satisfaction as well as financial performance of the firm (Deveshwar & Dhawal., 2013). Bowersox (2002) indicated that well managed inventory in an organisation aid by adding value in terms of having control over and maintaining lean inventory for an organisation.
Good Inventory management saves an organisation money and allows it to meet a customers' needs.
Cooper (2016) indicated that inventory management enables successful cost control of operations.
Poor inventory management impedes operations, diminishes customer satisfaction, and increases operating costs.
Supplier lead time directly affects total inventory levels. The longer the supplier’s lead time the more stock an organisation will need to hold Onyango (2016). Longer lead times make deliveries more unpredictable and force an organisation to rely heavily on demand forecasts to make orders.
Boyne and George (2003) indicated supplier delivery lead time is an influencing factor in inventory management. Chen (2005) indicated that suppliers who use a short delivery lead time enable manufacturing firms to manage their inventory effectively. Manufacturing firms with suppliers who use a short lead time can plan for their inventory well (Brigham and Ehrhard, 2005). They have a clear visibility of their inventory unlike those manufacturing firms with suppliers with unreliable delivery lead times.
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A Dissertation Submitted to Makerere University Business School (Faculty of Graduate Studies and Research) in Partial Fulfilments of the Requirements for the Award of the Degree of Masters of Science in Procurement and Supply Chain Management of Makerere University. (PLAN A).
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Mark, T . W (2023) Supplier Delivery Lead Time, Technology Adoption and Inventory Management in Selected Manufacturing Firms in Uganda. Unpublished Masters Dissertation Makerere University Business School. Kampala, Uganda.