The Influence of Inventory Management Practices Towards Inventory Management Performance in Malaysian Public Hospitals

Abstract

Effective inventory management provides a potential system nowadays to improve performance by matching inventory management practices and competitive advantages in the competitive world. Logistics networks, supply chain activities and inventory management practices are seen as a matter of survival and competitive advantage for an organisation.Studied conducted in the area of inventory management practices revealed that improper management may have been caused by various reasons such as the level of management commitment, the costs incurred and also the level of skills that the workers have.Inventory management across the supply chain is a big challenge for improving coordination among the value chain in the organizations.Controlling inventory is the need of the hour as it formulates the future of the business in terms of its success/failure as competition is intense, growing day-by-day.This research conceptualizes and develops the role of inventory management practices in fostering inventory management performance.The relationships among different variables are proposed to be tested using the quantitative method. The insight from this proposed framework will help the respective Head of Pharmacists in the Malaysian public hospitals and other public or private inventory managers in implementing a proper system of inventory management practices to enhance the overall performance of inventory management.

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