SMART Journal of Business Management Studies
Open Access
  • Year: 2022
  • Volume: 18
  • Issue: 2

Evaluation of critical determinants of inventory management techniques on universities’ performance in Ethiopia

  • Author:
  • Hamed M. S. Ahmed1, Mengistu Guliti Buba2, Murad Thomran3, Jemal Redwan Muzeyin4, Muhaba Nuredin Ferejo5
  • Total Page Count: 9
  • Page Number: 51 to 59

1Department of Management, College of Business and Economics, Werabe University, Ethiopiahamedshamsaan@gmail.com

2Department of Management, College of Business and Economics Wollo University, Ethiopiamengistuguliti@gmil.com

3Assistant Professor, CBA, University of Hail, Saudi Arabiamurad00967@gmail.com

4Department of Management, College of Business and Economics Werabe University, Ethiopiajemal.redwan@gmail.com

5Department of Management, College of Business and Economics Werabe University, Ethiopiamuhabanuredin753@gmail.com

Online published on 30 June, 2022.

Abstract

Inventory management is a way to increase customer service while maintaining lower stock levels. The purpose of this research was to see how inventory management techniques affected university performance in Ethiopia. The research findings revealed that inventory management techniques did have significant effect on universities’ performance, indicating that a statistically substantial amount of the variance, associated with universityperformance, could be explained by inventory management practices. Since just-in-time inventory is a strategy for increasing efficiency and minimizing waste by obtaining things only when they are needed, it is an excellent way to save money on inventory. Hence universities should go through the idea of economic order quantity.

Keywords

Ethiopian Universities, Inventory Management, Techniques and Performance