Publication Date: 2023/10/16
Abstract: Business success in today's dynamic marketplace depends on effective supply inventory management. In this technologically advanced age, conventional manual methods are no longer sufficient. To improve accuracy, efficiency, and decision-making abilities, this study investigates the significance of technology adoption for efficient inventory management. It concludes several research studies and emphasizes the difficulties Small and Medium Enterprises (SMEs) in the Philippines face and their distinctive inventory management procedures. The supply office at Leyte Normal University is the focus of the proposed study, which aims to create an effective system for managing inventories. The study uses the action research methodology to design, implement, and evaluate a technology-based system that addresses current inefficiencies. The two-bin system, the just-in-time theory, and vendor-management inventory are examples of theoretical frameworks. Surveys using the Likert scale and open-ended questions will be used to gather data, and the results will show how the suggested method better satisfies user needs and increases efficiency. Advanced data analytics should be used, vendor collaboration should be encouraged, and customized reporting should be made possible. This study supports competitive enterprises, effective educational institutions, and improved inventory management methods.
Keywords: Supply Inventory Management, Technology Adaption, Action Research, Efficiency
DOI: https://doi.org/10.5281/zenodo.10007939
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT23OCT411.pdf
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