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Problems and Ways to Increase the Efficiency of Inventory Management of a Trading Company
Shevchenko-Kulchytska K. I., Spiridonova K. O., Kakhovska O. V.

Shevchenko-Kulchytska, Kateryna I., Spiridonova, Kira O., and Kakhovska, Olena V. (2021) “Problems and Ways to Increase the Efficiency of Inventory Management of a Trading Company.” Business Inform 12:191–201.
https://doi.org/10.32983/2222-4459-2021-12-191-201

Section: Economics of Enterprise

UDC 658.7

Abstract:
The article defines the economic essence of stocks from the point of view of domestic and foreign scholers, as well as in accordance with the legislation of Ukraine. It is specified that the main form of sale of inventory are independent wholesale and retail trade enterprises. The detailed classification of stocks, which is necessary to track the dynamics of consumer demand and planning rational volumes of purchase of products, which is important for ensuring uninterrupted sale, is considered. The main models and systems of inventory management are analyzed, such as the system with the established volume or size of the order, the system with a certain frequency of the order, the model of the optimal size of the Harris – Wilson order. The main tasks of inventory management at the enterprise are determined as follows: minimization of warehouse costs for storage of goods by accelerating the turnover of inventory; ensuring the optimal number of goods that can be sold in the near future and will bring profit. Thus, it was clarified that the main purpose of inventory management is to form and maintain their value at a level that allows for uninterrupted trade in each product at minimal cost. The process of choosing the optimal level of stocks is considered. An ABC- and XYZ-analysis based on commodity stocks of LLC «RUSH» is carried out. Recommendations for the management of different groups of goods are elaborated. It is defined that it is extremely important for any trading network to find the optimal combination between the costs and benefits of the selected level of inventories in order to determine what value of stocks for each product group or even a goods item is sufficient, as well as to choose the correct inventory management model for each category of goods.

Keywords: inventory, trading enterprises, inventory management, ABC analysis, XYZ analysis, inventory management model.

Fig.: 5. Tabl.: 4. Formulae: 2. Bibl.: 14.

Shevchenko-Kulchytska Kateryna I. – Masters Student, Prydniprovska State Academy of Civil Engineering and Architecture (24a Chernyshevskoho Str., Dnipro, 49600, Ukraine)
Email: [email protected]
Spiridonova Kira O. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economics and Entrepreneurship, Prydniprovska State Academy of Civil Engineering and Architecture (24a Chernyshevskoho Str., Dnipro, 49600, Ukraine)
Email: [email protected]
Kakhovska Olena V. – Doctor of Sciences (Economics), Professor, Professor, Department of Economics and Entrepreneurship, Prydniprovska State Academy of Civil Engineering and Architecture (24a Chernyshevskoho Str., Dnipro, 49600, Ukraine)
Email: [email protected]

List of references in article

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Mazaraki, A. A., Ushakova, N. M., and Lihonenko, L. O. Ekonomika torhovelnoho pidpryiemstva [Economics of a Commercial Enterprise]. Kyiv: Khreshchatyk, 1999.
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Petrenko, A. S., and Yemykova, A. A. “Upravleniye zapasami v strategicheskom upravlenii organizatsiyey“ [Inventory Management in the Strategic Management of the Organization]. Vestnik sovremennykh issledovaniy, no. 12.12 (2018): 352-355.
Polyakova, I. A., and Zhivayeva, T. V. “AVS-analiz kak metod kontrollinga upravleniya tovarnymi zapasami“ [ABC-analysis as a Method of Controlling Inventory Management]. Innovatsionnoye razvitiye ekonomiki, no. 5 (2017): 106-112.
Taranenko, Yu. V. “Modeli upravlinnia zapasamy na torhovelnykh pidpryiemstvakh“ [Models of Inventory Management in Trade Enterprises]. Ahrosvit. 2016. http://www.agrosvit.info/pdf/3_2016/9.pdf

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