Professional Documents
Culture Documents
Judith D. De Roxas
Kimberly P. Medina
Rowella A. Rodil
BSAM 3201
Introduction
In business world, inventory is one of the
most expensive assets of many companies. Good
inventory management being crucial that have
been recognize by operation managers around the
globe. A company can reduce costs by reducing
inventory. However, customers become
dissatisfied when an item being stock out. To meet
a balance between inventory investment and
customer service is one of the objectives for
inventory management.
Statement of the Problem
The study aimed to assess the inventory
control procedures on the business operation of
rice retailers in Lemery, Batangas. Specifically, it
sought to answer the following questions:
1. What is the profile of the selected
manufacturing companies in terms of:
1.1 form of business organization;
1.2 years of operation;
1.3 capitalization;
1.4 city?
2. How do the respondents assess the inventory
control procedures of rice retailers on the
following:
2.1 Safety stock;
2.2 Reorder point;
2.3 Economic order quantity;
2.4 First-in-First-out;
2.5 ABC analysis?
3. Is there significant difference in the assessment
of inventory control procedures when the
respondents are grouped according to profile
variables?