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

Authors

  • Arthit Kittisak Eastern University of Management and Technology

DOI:

https://doi.org/10.58776/ijitcsa.v1i2.30

Keywords:

Inventory management, small and medium-sized enterprises, cosmetics industry

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.

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CHALLENGES AND STRATEGIES FOR INVENTORY MANAGEMENT IN SMALL AND MEDIUM-SIZED COSMETIC ENTERPRISES: A REVIEW

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Published

01-06-2023

How to Cite

Kittisak, A. (2023). Challenges and Strategies for Inventory Management in Small and Medium-Sized Cosmetic Enterprises: A Review. International Journal of Information Technology and Computer Science Applications, 1(2), 71 –. https://doi.org/10.58776/ijitcsa.v1i2.30

Issue

Vol. 1 No. 2 (2023): May - August 2023

Section

New Submission

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