Business Commons^™

Exploring Inventory Management's Effects On A Company's Profitability, Mason Frye

Undergraduate Honors Theses

Effective inventory management policy is a recognizable critical driver for company success, but which techniques and tools are relevant today? This thesis explores the theory that a company's inventory management practices directly impact the firm's efficiency, responsiveness, and profitability. Research from previously published studies on inventory management is shared to develop a framework of understanding to answer the question of relevancy. Additionally, interviews with successful business professionals within the field provide additional insight into specific inventory management practices that affect profitability and performance. Moreover, these professionals discuss how the practices are effectively applied in the real world today. Finally, this …