JOAMS 2024 Vol.12(2): 75-78
doi: 10.18178/joams.12.2.75-78
doi: 10.18178/joams.12.2.75-78
A Proposal for a Simple, Structured, and Easy-to-Use Method for Determining Production Level to Lower Ending Inventory in MSME with Steady Demand and a Culture of Oversupply
Iris Ann G. Martinez
Department of Industrial Engineering and Operations Research, University of the Philippines Diliman, Philippines
Email: igmartinez@up.edu.ph (I.A.G.M.)
Email: igmartinez@up.edu.ph (I.A.G.M.)
Manuscript received November 24, 2023; revised December 9, 2023; accepted December 12, 2023; published May 17, 2024.
Abstract—This paper discusses the problem of having excess inventory in small retail businesses in the Philippines. Extreme excess inventory is usually the result of the culture of having an oversupply by small retail businesses in the Philippines. To address this, a simple, structured, and easyto-use method for determining production level is proposed. The proposed methodology lowers the excess inventory at the end of the day. However, shortages that were not experienced in the past via the businesses’ trial-and-error methodology, should still be expected with the proposed methodology but these can be anticipated to be low in occurrence.
Keywords—excess inventory, shortage, steady demand, culture of oversupply
Keywords—excess inventory, shortage, steady demand, culture of oversupply
Cite: Iris Ann G. Martinez, "A Proposal for a Simple, Structured, and Easy-to-Use Method for Determining Production Level to Lower Ending Inventory in MSME with Steady Demand and a Culture of Oversupply," Journal of Advanced Management Science, Vol. 12, No. 2, pp. 75-78, 2024.
Copyright © 2024 by the authors. This is an open access article distributed under the Creative Commons Attribution License (CC BY-NC-ND 4.0), which permits use, distribution and reproduction in any medium, provided that the article is properly cited, the use is non-commercial and no modifications or adaptations are made.
Copyright © 2024 by the authors. This is an open access article distributed under the Creative Commons Attribution License (CC BY-NC-ND 4.0), which permits use, distribution and reproduction in any medium, provided that the article is properly cited, the use is non-commercial and no modifications or adaptations are made.