Impact of Inventory Management on Financial Performance of MSMEs in Santiago City
Journal Title: American Journal of Economics and Business Innovation (AJEBI) - Year 2023, Vol 2, Issue 3
Abstract
The study aims to investigate the impact of inventory management on the operational efficiency and financial performance of micro, small, and medium enterprises (MSMEs) in Santiago City. A correlational descriptive cross-sectional survey design was utilized on a sample of randomly selected 314 participants belonging to the merchandising MSMEs from Santiago City. Primary data was collected using self-administered questionnaires analyzed using frequency and percentage, mean and standard deviation, and linear regression. The results showed that MSMEs are efficient in inventory management, operation and have good financial performance. It further suggests a strong positive relationship between inventory management and operational efficiency and a moderate positive relationship between inventory management and financial performance. The study offers practical guidance to MSMEs on optimizing their operational efficiency and maintaining good financial performance through effective inventory management practices. It gives owners and managers valuable insights into specific areas that need improvement and the underlying factors that inventory management affects. Furthermore, the research deepens the understanding of the intricate relationship between inventory management, operational efficiency, and financial performance within the context of MSMEs in Santiago City, thus enriching the existing knowledge for researchers and practitioners.
Authors and Affiliations
Marilyn Gaoat Claire Cabungcal Catherine Enriques Zyra Medios Harleyne Ruiz John Lloyd Villanueva Bartman Gacrama
Keywords
Related Articles
- EP ID EP721193
- DOI https://doi.org/10.54536/ajebi.v2i3.1839
- Views 20
- Downloads 0
Estimating Willingness to Pay for Recreational Services of Public Parks
The study aimed to estimate the benefits derived from the park to whole society and identify the socio-economic determinants of willingness to pay (WTP) of public park visitors. The estimated Poisson regression analysis...
A Study of the Impact of Digital Applications on the Financial Management of Modern Enterprises
With the rapid development of science and technology, China has begun to step into the era of digital economy. The arrival of the digital economy for the development of China’s enterprises has brought great impact. In en...
Impact of External Debt on Economic Growth in Nigeria: 1986-2019
The study examined the impact of external debts on economic growth in Nigeria between 1986 and 2019. The specific objectives of this study were to: examine the impact of external debt stock on economic growth in Nigeria;...
Why do Tourists Visit a Himalayan Destination? Motivation, Barrier and Facilities Preference
Tourist destination choices are a mix of push and pull motivations along with travel barriers. Indian Himalayas has a significant role in attracting tourists but is limited to already explored destinations. In the Wester...
Research on the Issues and Effects of Big Data on Business Economic Management
With the advent of the big data era, the application of big data has become more and more common and mature, gradually changing social production and lifestyle, and also has a certain impact on business and economic mana...