期刊名称：International Journal of Advances in Engineering and Management
电子版ISSN：2395-5252
出版年度：2020
卷号：2
期号：4
页码：451-455
DOI：10.35629/5252-0204370411
语种：English
出版社：IJAEM JOURNAL
摘要：For the financial performance of a store inventory management techniques are significant. Having the right information about stocks helps in making the utilization of other resources of stores. The efficiency of stores depends on how many quantities of products left in inventory. Stock with improper planning gives a negative impact on performance This paper elaborates on the importance of inventory management in retail stores and the importance of stock in increasing the efficiency of retail chains. The descriptive research design is used in collecting the data. A questioner is prepared and data is collected from retailers to study the abovementioned aims. The study revealed that inventory management of retail products differs from one organization to another, but most organizations are using floating stock as their stand-alone model of inventories. Although other companies follow a hybrid floating stock model along with the base stock, first in – first out (FIFO) and cross-docking.
