Inventory Management practices and Operational performance in the engineering SMEs of Kerala: an exploratory study
Author(s):
Rajeev Narayana Pillai
Keywords:
Material cost, Engineering Industry, small and medium enterprises
Abstract
Small and Medium Enterprises (SMEs) are one of the most important driving forces in the development of a country because of its major contribution in terms of number of enterprises, employment, industrial output and exports. However SMEs, developing countries like India, face constraints in areas such as technology, finance, marketing etc,to name a few. Due to globalization, the process of continuing integration of the countries in the world has opened up new opportunities for SMEs of developing countries to cater to wider international market. It is observed from literature that pursuing appropriate Materials Management (MM) practice is one of the ways of attaining competitiveness, by effectively managing and minimizing investment in material inputs. Materials management can therefore be one of the determinants of the operational performance of SMEs. The key problem is whether SMEs in Kerala follow proven IM practices with an intension to reduce their material cost and enhance their performance. If so, what are the MM practices pursued by these SMEs? What are the factors which influence the inventory cost and MM performance of enterprises? These questions have been studied here with reference to engineering SMEs located in the city of Palakkad and Trichur, Kerala.
Article Details
Unique Paper ID: 153920

Publication Volume & Issue: Volume 8, Issue 9

Page(s): 453 - 461
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