INVENTORY MANAGEMENT AS AN EFFICIENCY IMPROVEMENT FACTOR ACTIVITIES OF A TRADE ORGANIZATION

Abstract

The uninterrupted process of production and sale of products largely depends on the availability of stocks of the enterprise. It is with the help of stocks that the continuity of production and sales is ensured, since they are a link in the process of movement of goods from the manufacturer to the consumer. The art of inventory management is that it is necessary to find a balance between the availability of stocks, on the one hand, and financial costs, on the other hand. Price, assortment, quality are the main indicators of the competitiveness of products. Suppliers have a great influence on the formation of the above-mentioned indicators. Choosing a supplier is one of the important tasks of logistics activities, since the success of the company in providing consumers with the necessary goods and services depends on how well suppliers fulfill their obligations. That is why the issues of inventory management and the right choice of suppliers are very relevant. This article discusses the concepts of inventory management, provides a comparative analysis of existing management systems, develops recommendations for their implementation for various enterprises, justifies the economic feasibility of automation of inventory accounting. The article also provides evaluation methods, including mathematical tools of the system approach, and analyzes the criteria for selecting suppliers.