An Analysis of Supply Chain Management: Crafting a Plan for Supply Chain and Inventory Management

9 Apr

An Analysis of Supply Chain Management: Crafting a Plan for Supply Chain and Inventory Management

Authors- Professor Joel Mark P. Rodriguez, Lourdes Q. Palallos

Abstract-This study examines supply chain and inventory management practices at IHI Incorporated, a company specializing in turbocharger supply and repair. Using a descriptive and correlational research method, data was collected from 51 respondents selected through purposive sampling. The findings revealed that most employees are male, around 35 years old, with college degrees, and 3-5 years of experience in rank-and-file positions. The assessment of supply chain management highlighted the importance of accurate demand forecasting, product diversification, and efficient distribution channels. Similarly, inventory management was emphasized for cost-effective operations, stressing the need to minimize inventory levels while maintaining adequate safety stocks. Statistical analysis showed a highly significant relationship (r = 0.9999) between supply chain management and inventory operations, indicating their close interdependence. Recommendations for improvement include regular assessments, enhanced inventory tracking systems, interdepartmental collaboration, training initiatives, and fostering a culture of continuous improvement. This study sheds light on supply chain and inventory dynamics at IHI Incorporated, offering actionable insights for enhancing operational efficiency and achieving organizational objectives.

DOI: /10.61463/ijset.vol.12.issue2.132