The Impact of Strategic Inventory Management on Logistics Organization’s Performance

  • Salim Muhanna Salim Al Shukaili
  • Zaharuzaman Jamaluddin
  • Norhayah Zulkifli

Abstract

This study examines the impact of strategic inventory management on the performance of logistics organizations in Oman. Inventory management plays a crucial role in ensuring efficient operations, reducing costs, and meeting customer demands. The study investigates the strategic inventory management practices adopted by logistics organizations in Oman, including demand forecasting, procurement optimization, and inventory control techniques. It analyses the influence of these practices on key performance indicators such as order fulfillment, on-time delivery, inventory turnover, and customer satisfaction specifically within the context of the Omani logistics industry. The study highlights the significance of a well-designed inventory management strategy in enhancing overall organizational performance by improving resource allocation, minimizing stockouts, and enhancing supply chain responsiveness. The study concludes with practical implications for logistics managers in Oman and suggests avenues for future research in this area specific to the Omani context.

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Published
2023-09-01
How to Cite
AL SHUKAILI, Salim Muhanna Salim; JAMALUDDIN, Zaharuzaman; ZULKIFLI, Norhayah. The Impact of Strategic Inventory Management on Logistics Organization’s Performance. International Journal of Business and Technology Management, [S.l.], v. 5, n. 3, p. 288-298, sep. 2023. ISSN 2682-7646. Available at: <https://myjms.mohe.gov.my/index.php/ijbtm/article/view/23756>. Date accessed: 30 may 2024.
Section
Articles