Investigating the efficacy of inventory policy implementation in selected state-owned enterprises in the Gauteng province: A qualitative study

Journal of Transport and Supply Chain Management


 
 
Field Value
 
Title Investigating the efficacy of inventory policy implementation in selected state-owned enterprises in the Gauteng province: A qualitative study
 
Creator Penny, Asanda Mpwanya, Musenga F. Lambert, Keith R.
 
Subject — inventory; inventory management; inventory policies; inventory policy implementation; state-owned enterprises; qualitative study
Description Background: The formulation, implementation and evaluation of inventory policies are vital for adequate management of inventory in organisations to ensure seamless flow of inventory and customer satisfaction. Inventory policies offer the required guidelines on how inventory should be managed in organisations to attain inventory management goals. However, it is unclear whether these guidelines are efficaciously implemented to enhance the inventory management performance of Eskom and Transnet in the Gauteng Province.Objective: This study sought to investigate the efficacy of inventory policy implementation at each of the selected SOEs in the Gauteng Province.Method: The study employed a qualitative research design with a sample of twenty-four inventory staff, of which fifteen were from SOE1 and nine from SOE2. The sampled population (inventory staff) were selected purposefully at each SOE in the Gauteng Province. Data were mainly gathered by means of semi-structured interviews and were thematically analysed.Results: The study generated four themes that reveal the extent of inventory policy implementation and its associated impact on inventory costs at each SOE. These themes included adherence to inventory policy, inventory policy violations, implementation extent of inventory policy, inventory growth rate and the associated increase in inventory carrying costs and lack of inventory planners’ planning skills.Conclusion: Inventory policies were not fully implemented at each SOE. Poor inventory purchasing decision and violation of inventory policies contributed to inventory growth rate and excess inventory carrying and its associated costs. This therefore negatively affects the inventory management performance of SOE 1 and SOE 2.
 
Publisher AOSIS
 
Contributor
Date 2021-10-28
 
Type info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion — —
Format text/html application/epub+zip text/xml application/pdf
Identifier 10.4102/jtscm.v15i0.552
 
Source Journal of Transport and Supply Chain Management; Vol 15 (2021); 13 pages 1995-5235 2310-8789
 
Language eng
 
Relation https://jtscm.co.za/index.php/jtscm/article/view/552/1097 https://jtscm.co.za/index.php/jtscm/article/view/552/1098 https://jtscm.co.za/index.php/jtscm/article/view/552/1099 https://jtscm.co.za/index.php/jtscm/article/view/552/1100
 
Coverage — — —
Rights Copyright (c) 2021 Asanda Penny, Musenga F. Mpwanya, Keith R. Lambert https://creativecommons.org/licenses/by/4.0