Quantification of Consigned Inventory in Relation to the Czech Republic

Abstract

Consignment stock is a useful Inventory Management technique based on partnership between vendor and buyer in order to improve supply chain performance. However, there is just a little known, how many companies implemented the Consignment stock concept, what is the value of their consigned inventory and much more. These questions brought us to the topic, whether it is possible to quantify the amount of consigned inventory in relation to the Czech Republic. We were able to work with the official information about consigned inventory between the years 2009 and 2018 collected and provided by the Czech Statistical Office. A purpose of our work is to determine the proportion of exported and imported consigned inventory to the total exported and imported inventory from the Czech Republic and to find out any relation between these two trades. This paper is an extension of our former works related to the Consignment stock implementation in the Czech Republic. So far, in previous works, we collected information from a few qualitative and quantitative researches exploring more information about advantages, disadvantages, obstacles and benefits related to the CS adoption.