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Effective inventory functions enhancing the best practice in decision making: a DXN Pharmaceutical Sdn. Bhd. Perspective

Inventory management permeates decision making in countless firms and has been extensively studied in the academic and corporate spheres. There are some problems found in the inventory activities when inaccurate inventory counts happened. Therefore, this study was conducted to study the relationship...

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Main Authors: Mat Yakhi, Mohammad Haris, Mohd Saifudin, Adam
Format: Article
Language:English
Published: Universiti Utara Malaysia 2020
Subjects:
HD28 Management. Industrial Management
Online Access:http://repo.uum.edu.my/28478/1/STMLGG%2002%2031%202020%2073-75.pdf
http://repo.uum.edu.my/28478/
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spelling my.uum.repo.284782021-12-15T06:33:59Z http://repo.uum.edu.my/28478/ Effective inventory functions enhancing the best practice in decision making: a DXN Pharmaceutical Sdn. Bhd. Perspective Mat Yakhi, Mohammad Haris Mohd Saifudin, Adam HD28 Management. Industrial Management Inventory management permeates decision making in countless firms and has been extensively studied in the academic and corporate spheres. There are some problems found in the inventory activities when inaccurate inventory counts happened. Therefore, this study was conducted to study the relationship between the inventory functions which are cycle inventories, buffer inventories and decoupling inventories with best practice in decision making. The data was collected using a mixed-method approach which is a quantitative method by using questionnaires and the qualitative method by interviewing the managers at DXN. The total respondents who answering the questionnaires are 30 and 3 managers who have been interviewed. The data from the questionnaires were analyzed using the Statistical Package for Social Sciences (SPSS) 25. The interview session has been recorded. Results from the data analysis using a Pearson's correlation and regression analyses have shown that cycle, buffer and decoupling inventories have a strong positive relationship with best practice in decision making. It is concluded that decoupling inventories is the strongest independent variable affecting the best practice in decision making. Since this study is based on the DXN perspective, the data collected may only be applicable to the company in the same industry only. Lastly, future research on this topic can broaden their scope rather than focusing on one company only. Universiti Utara Malaysia 2020 Article PeerReviewed application/pdf en http://repo.uum.edu.my/28478/1/STMLGG%2002%2031%202020%2073-75.pdf Mat Yakhi, Mohammad Haris and Mohd Saifudin, Adam (2020) Effective inventory functions enhancing the best practice in decision making: a DXN Pharmaceutical Sdn. Bhd. Perspective. Symposium on Technology Management and Logistics (STML Go Green) 2019: Management of Technology, Volume 2, 2 (31). pp. 73-75. ISSN eISBN: 978-967-2296-22-7
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HD28 Management. Industrial Management
spellingShingle HD28 Management. Industrial Management
Mat Yakhi, Mohammad Haris
Mohd Saifudin, Adam
Effective inventory functions enhancing the best practice in decision making: a DXN Pharmaceutical Sdn. Bhd. Perspective
description Inventory management permeates decision making in countless firms and has been extensively studied in the academic and corporate spheres. There are some problems found in the inventory activities when inaccurate inventory counts happened. Therefore, this study was conducted to study the relationship between the inventory functions which are cycle inventories, buffer inventories and decoupling inventories with best practice in decision making. The data was collected using a mixed-method approach which is a quantitative method by using questionnaires and the qualitative method by interviewing the managers at DXN. The total respondents who answering the questionnaires are 30 and 3 managers who have been interviewed. The data from the questionnaires were analyzed using the Statistical Package for Social Sciences (SPSS) 25. The interview session has been recorded. Results from the data analysis using a Pearson's correlation and regression analyses have shown that cycle, buffer and decoupling inventories have a strong positive relationship with best practice in decision making. It is concluded that decoupling inventories is the strongest independent variable affecting the best practice in decision making. Since this study is based on the DXN perspective, the data collected may only be applicable to the company in the same industry only. Lastly, future research on this topic can broaden their scope rather than focusing on one company only.
format Article
author Mat Yakhi, Mohammad Haris
Mohd Saifudin, Adam
author_facet Mat Yakhi, Mohammad Haris
Mohd Saifudin, Adam
author_sort Mat Yakhi, Mohammad Haris
title Effective inventory functions enhancing the best practice in decision making: a DXN Pharmaceutical Sdn. Bhd. Perspective
title_short Effective inventory functions enhancing the best practice in decision making: a DXN Pharmaceutical Sdn. Bhd. Perspective
title_full Effective inventory functions enhancing the best practice in decision making: a DXN Pharmaceutical Sdn. Bhd. Perspective
title_fullStr Effective inventory functions enhancing the best practice in decision making: a DXN Pharmaceutical Sdn. Bhd. Perspective
title_full_unstemmed Effective inventory functions enhancing the best practice in decision making: a DXN Pharmaceutical Sdn. Bhd. Perspective
title_sort effective inventory functions enhancing the best practice in decision making: a dxn pharmaceutical sdn. bhd. perspective
publisher Universiti Utara Malaysia
publishDate 2020
url http://repo.uum.edu.my/28478/1/STMLGG%2002%2031%202020%2073-75.pdf
http://repo.uum.edu.my/28478/
_version_ 1720439340576800768
score 13.211869

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