The inventory management practices amongst manufacturing SMEs in the Cape Metropole, province of the Western Cape, South Africa

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dc.contributor.authorEnow, Samuel Tabot
dc.contributor.authorIsaacs, Eslyn
dc.date.accessioned2018-06-04T11:47:23Z
dc.date.available2018-06-04T11:47:23Z
dc.date.issued2016
dc.description.abstractFinancial management is one of the seven important managerial functions and is responsible for ensuring that institutions have adequate or access to financial resources to meet short-term and long-term resources to meet long-term obligations. Long-term resources are capital provided by the owner (s) and long-term loans, whilst short-term resources include cash on hand or in the bank, accounts receivable and inventory or commonly referred to as current assets. The investment in inventory is often 50% of the value of current assets and in many cases overlooked as a source of short-term funds. Considering the importance of inventory in any business, this study focused on inventory management practices in SMEs. Using a sample of 100 businesses, our research revealed that only (i) 19% always prepare inventory budgets; (ii) 21% always review inventory levels; (iii) 25% review the shelf-space allocated for the products; and (iv) 19% use computers in inventory management.en_US
dc.description.accreditationIBSS
dc.identifier.citationEnow, S. & Isaacs, E. (2016). The inventory management practices amongst manufacturing SMEs in the Cape Metropole, province of the Western Cape, South Africa. Journal of Accounting Management, 6(2): 29 - 39en_US
dc.identifier.issn2284 – 9459
dc.identifier.urihttp://journals.univ-danubius.ro/index.php/jam/article/view/3182
dc.identifier.urihttp://hdl.handle.net/10566/3765
dc.language.isoenen_US
dc.privacy.showsubmitterFALSE
dc.publisherDanubius Universityen_US
dc.rightsThis work is licensed under a Creative Commons Attribution 4.0 International License.
dc.status.ispeerreviewedTRUE
dc.subjectInventory managementen_US
dc.subjectSMEsen_US
dc.subjectCurrent assetsen_US
dc.subjectAcid testen_US
dc.subjectCurrent ratioen_US
dc.titleThe inventory management practices amongst manufacturing SMEs in the Cape Metropole, province of the Western Cape, South Africaen_US
dc.typeArticleen_US

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