Operations and Production Management

Kumar, Rakesh and Maqbool, Jannat (2016) Operations and Production Management. Applied Management Conference, Wintec, Hamilton, New Zealand, 27 May 2016.

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Abstract or Summary

The project is concerned with the management of inventories in a small business enterprise. It will reflect the problems occurs in the small businesses while managing the inventories and some solutions to overcome those problems. Many businesses in New Zealand (i.e. Dairy shops) gets problems in placing and storing the stock. A research is made on those bottlenecks and way out are find out in this research project. Data for this project is collected from primary as well as secondary sources. Under primary data sources, interviews are made from different stores and observation in my own workplace. Secondary sources are Articles, books, journals, previous research projects, magazines etc. All the collected data is analysed. Literature review and research question connection is made to make data more reliable for solution to existing problems. At the end it is concluded from research that most of the stores run out of stocks. They are not able to apply EOQ technique for cost effectiveness. All this happens because of size of business. These small businesses make small orders and easily run out. Moreover many SMEs have less storage space to keep stock for backup. Another problem found is concerned with display. These organisations have too many things (i.e. 2+ dollar shops), which are hard to display each and everything in good manner because of space constraint. Although some business have enough space but customers spoils the displays, as they are very choosy. Solutions to these problems are keeping some extra stock of demanded products and avoid stocking for least or no demanded products. Give proper attention to customer needs.

Item Type:Paper presented at a conference, workshop or other event, and published in the proceedings
Keywords that describe the item:Operations, production, management, small business enterprise, managing inventories
Subjects:H Social Sciences > HF Commerce
Divisions:Schools > Centre for Business, Information Technology and Enterprise > School of Business and Adminstration
ID Code:5900
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Deposited On:10 Apr 2018 03:01
Last Modified:10 Apr 2018 03:01

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