International Journal of Information Technology and Computer Science Applications (IJITCSA)
Vol. 1 No. 2 (2023): May - August 2023

Challenges and Strategies for Inventory Management in Small and Medium-Sized Cosmetic Enterprises: A Review

Kittisak, Arthit (Unknown)



Article Info

Publish Date
01 Jun 2023

Abstract

This research paper presents a case study analysis of the inventory management challenges faced by small and medium-sized cosmetic enterprises (SMEs) and the strategies employed to overcome them. The study was conducted through qualitative research methods, including in-depth interviews with managers of SMEs in the cosmetics industry. The findings revealed that the major challenges faced by SMEs in managing their inventory were poor demand forecasting, inadequate storage facilities, and lack of efficient inventory control systems. To mitigate these challenges, SMEs employed strategies such as outsourcing inventory management, adopting technology-driven inventory control systems, and establishing efficient supply chain networks. The study concludes that effective inventory management is crucial for the success of SMEs in the cosmetics industry, and the strategies identified in this study could be useful for practitioners seeking to improve their inventory management practices.

Copyrights © 2023






Journal Info

Abbrev

jitcsa

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Education Engineering

Description

he Journal of Information Technology and Computer Science Applications (JITCSA) is an information technology and computer science publication. Applications from both fields for solving real cases are also welcome. JITCSA accepts research articles, systematic reviews, literature studies, and other ...