Inventory Management Techniques of Heat Stores in Metro Manila: Basis for Improvement of Inventory Management System
Janice Jane C. Flores-Alhaddad, MBA1, Emerson G. Cabudol, DBA2
alhaddadjanicejane@gmail.com
https://orcid.org/0009-0008-3940-5220
Centro Escolar University
Manila, Philippines
DOI: https://doi.org/10.54476/ioer-imrj/939310
ABSTRACT
stores, presenting a comparative analysis of Barcode and Manual Inventory Management systems. The primary objective is to glean insights that can enhance current inventory practices, considering the perspectives of employees experienced in inventory management. The study’s methodology involved meticulously creating survey questions, drawing on pertinent literature to ensure precision and validity. The questionnaire, distributed among HEAT store employees, encompassed demographic profiles, awareness of infrared barcode scanners, and evaluations of the performance of barcode versus manual inventory systems. The data collection process, employing online forms and sheets, offered flexibility to respondents. Preceding their responses, participants received a briefing on the questionnaire, and a week was allotted for submission to minimize disruption to their work. The statistical analysis plan encompassed comprehensive data processing using SPSS software, involving data cleaning, centralization, encoding, and filtering. The results were interpreted by an expert statistician and presented in a format accessible to the target audience. Demographic profiling revealed concentration of respondents in their thirties, indicating potential professional maturity. The gender distribution was balanced, and diverse job designations provided a holistic view of the workforce. In assessing the scope of Barcode Inventory Management, respondents exhibited a unanimous consensus, emphasizing its advantages in processing speed, real-time access to inventory levels, and sales information. In contrast, Manual Inventory Management presented a more nuanced perspective, signifying challenges and a predominant preference for digital inventory systems. The analysis of time efficiency underscored a unanimous belief in the superior efficiency of Barcode Inventory Management compared to manual methods. Respondents acknowledged the time-consuming nature of manual tracking systems, aligning with previous studies. Cost considerations further emphasized the perceived advantages of Barcode Systems, with a consensus on the essential nature of quality software and the company’s willingness to invest in modern inventory tools. Manual Inventory Management received a more mixed assessment, with acknowledgment of its potential benefits in precision and control. Comparisons between employees and managers in the assessment of modern and manual systems revealed generally consistent perceptions across scope, time, and cost. The lack of statistical significance suggests a uniformity in how both groups perceive these inventory management methods. In conclusion, the study provides valuable insights into the preferences and perceptions of HEAT Store employees regarding inventory management methods. The recommendations include investments in barcode technology, targeted training programs, strategic planning for manual inventory, and continuous monitoring. By incorporating these recommendations, HEAT stores can optimize their inventory practices, leveraging technological advancements for increased efficiency and competitiveness in the market.
Keywords: Inventory management, modern inventory, manual inventory, barcode scanner