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<journal-meta>
<journal-id journal-id-type="publisher">global-journal-of-management-and-business-research-c-finance</journal-id>
<journal-title-group>
<journal-title>Global Journal of Management and Business Research - C: Finance</journal-title>
</journal-title-group>
<issn publication-format="print">0975-5853</issn>
<issn publication-format="electronic">2249-4588</issn>
<publisher><publisher-name>Global Journals Publishing Group Incorporated</publisher-name></publisher>
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<article-id pub-id-type="publisher-id">56362</article-id>
<title-group>
<article-title>Analysis of the Impact of Inventory Management Practice on the Effectiveness of Retail Stores in South Africa</article-title>
<subtitle>Inventory Management Systems in Retail Performance</subtitle>
</title-group>
<contrib-group>
<contrib contrib-type="author"><name><surname>Obadire</surname><given-names>Ayodeji Michael</given-names></name><xref ref-type="aff" rid="aff1" />
</contrib>
<contrib contrib-type="author"><name><surname>Boitshoko</surname><given-names>Bame Lesego</given-names></name></contrib>
<contrib contrib-type="author"><name><surname>Moyo</surname><given-names>Naledi Tendai</given-names></name></contrib>
</contrib-group>
<aff id="aff1">SOUTH AFRICA</aff>
<pub-date publication-format="electronic" date-type="pub" iso-8601-date="2022-12-26">
<day>26</day>
<month>12</month>
<year>2022</year>
</pub-date>
<volume>22</volume>
<issue>C5</issue>
<fpage>1</fpage>
<lpage>7</lpage>
<abstract><p>The study analyses the impact of inventory management practices on the effectiveness of retail stores in Vhembe District, South Africa. A quantitative research design was adopted for the study. The study used a simple random sampling method to collect data from 30 retail stores. Results from the survey revealed that inventory management tools and techniques like economic order quantity, just-in-time, barcoding and inventory management software have a positive effect on the performance of retail stores. This is because the quality of service delivery to customers was improved, thereby outperforming competitors. Also, sales and turnover increased as over-stocking and under-stocking were effectively managed giving rise to a higher return on investment. The major conclusion drawn from the study was that the adoption of inventory management practices positively affects the retail businesses in Vhembe District.</p></abstract>
<kwd-group kwd-group-type="author-generated">
<kwd>inventory</kwd>
<kwd>inventory management</kwd>
<kwd>modern management tools</kwd>
<kwd>retail store</kwd>
<kwd>south africa.</kwd>
</kwd-group>
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<title>Full Text</title>
<p>The study analyses the impact of inventory management practice on the effectiveness of retail stores in Vhembe District, South Africa. A quantitative survey research design was adopted for the study. The study used simple random sampling method to collect data from 30 retail stores. Results from the study revealed that inventory management tools and techniques like economic order quantity, just in time, bar coding and inventory management software have a positive effect on the performance of retail stores.</p>
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