Abstract
The objective of this research is finding the variables which effect on entrepreneurs’ inventory management in eastern part of Thailand. The entrepreneurs have been identified in 2 difference sizes, large and small as the inventory management variables must be different. The results show that inventory management of large size were accepted by the entrepreneurs are space utilization, product sample, product feature differentiation, effective inventory management system, inventory management objective, effective inventory picking system, inventory cost reduction, regular problem happen, effective IT system and specific soft ware for inventory management. The results show that inventory management of small size were accepted by the entrepreneurs are specific soft ware for inventory management, effective IT system, inventory management objective, effective inventory picking system, regular problem happen, product feature differentiation, inventory cost reduction, product sample, space utilization and effective inventory management. Inventory management in small firm and big firm has significantly priorities as the big firms have advantage in space utilization but need specific soft ware for inventory management due to big firms have more products or inventories items than small firms.
Highlights
Thai entrepreneurs of logistics business are facing many challenge problems such as ineffective purchasing planning, high production cost, high transportation cost and ineffective inventory management which decrease Thai entrepreneurs’ competitiveness
This study focuses on Thai entrepreneurs’ effective inventory management parameters which separately study on small size and big size companies
Mean of Effective inventory picking system is 3.32.Mean of Inventory management cost reduction is 2.95
Summary
Thai entrepreneurs of logistics business are facing many challenge problems such as ineffective purchasing planning, high production cost, high transportation cost and ineffective inventory management which decrease Thai entrepreneurs’ competitiveness. Since the competition in supply chain management is highly increasing due to many foreign companies are coming and doing logistics businesses it has directly effect on Thai entrepreneurs businesses. One part of the competitive advantage is reducing the cost through effective inventory management which enhances Thai entrepreneurs’ capabilities. Effective inventory management has many dimensions which depend on business types, size of the business or competition environments the study of Thai entrepreneurs’ effective inventory management variables will provide competitiveness advantage for their inventory management in the future. This study focuses on Thai entrepreneurs’ effective inventory management parameters which separately study on small size and big size companies. The finding of this study will benefits Thai entrepreneurs more
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