Honors Program
Honors in Business
Date of Award
5-2022
Thesis Professor(s)
Bill McTier
Thesis Professor Department
Management and Marketing
Thesis Reader(s)
Umit Saglam
Abstract
Effective inventory management policy is a recognizable critical driver for company success, but which techniques and tools are relevant today? This thesis explores the theory that a company's inventory management practices directly impact the firm's efficiency, responsiveness, and profitability. Research from previously published studies on inventory management is shared to develop a framework of understanding to answer the question of relevancy. Additionally, interviews with successful business professionals within the field provide additional insight into specific inventory management practices that affect profitability and performance. Moreover, these professionals discuss how the practices are effectively applied in the real world today. Finally, this thesis will explore specific challenges the coronavirus pandemic presents for inventory managers across the globe and strategies that industry professionals are utilizing to manage through these taxing times.
Publisher
East Tennessee State University
Document Type
Honors Thesis - Open Access
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.
Recommended Citation
Frye, Mason, "Exploring Inventory Management's Effects on a Company's Profitability" (2022). Undergraduate Honors Theses. Paper 695. https://dc.etsu.edu/honors/695
Copyright
Copyright by the authors.
Included in
Business Administration, Management, and Operations Commons, Management Information Systems Commons