Abstract:
Inventory Management concept is a one of integral component of
the manufacturing company to utilize resources effective and
efficient manner. The purpose of this study to examine what
factors affecting to the inventory management with reference to
the 36 listed manufacturing companies in Colombo Stock Exchange
Sri Lanka, based on convenient sampling method. Data were
collected through structured questionnaire distributing via e-mail
and postal mail for store managers, procurement executive, stock
keeper and inventory handler as respondents. Descriptive
Statistics, Pearson correlation analysis and multiple leaner
regression tool were adopted to test the hypotheses. The
researchers have implemented the five-point Likert scale rating
method (1= strongly disagree and 5 = strongly agree) for this
study. The study found that Procurement procedure, Inventory
Planning, Documentation and Funding are significantly influence
to the inventory management practices but skills of staff is not
significantly influence to the inventory management practices.
Hence this study recommended that sufficient procurement
procedure system with inventory planning and documentation is
needed to maintain success inventory management system in
listed manufacturing companies in Sri Lanka. The findings of the
study hold practical implications for Policy makers, Managers,
investors, procurement executive and stock keepers.
