Global Journal of Management and Business Research, C: Finance, Volume 22 Issue 5

© 2022. Ayodeji Michael Obadire, Bame Lesego Boitshoko & Naledi Tendai Moyo. This research/review article is distributed under the terms of the Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0). You must give appropriate credit to authors and reference this article if parts of the article are reproduced in any manner. Applicable licensing terms are at https://creativecommons.org/licenses/by-nc-nd/4.0/. Global Journal of Management and Business Research: C Administration and Management Volume 22 Issue 5 Version 1.0 Year 2022 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Online ISSN: 2249-4588 & Print ISSN: 0975-5853 Analysis of the Impact of Inventory Management Practices on the Effectiveness of Retail Stores in South Africa By Ayodeji Michael Obadire, Bame Lesego Boitshoko & Naledi Tendai Moyo Abstract- 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. Keywords: inventory, inventory management, modern management tools, retail store, south africa. GJMBR-C Classification: DDC Code: 658.8342 LCC Code: HF5415.32 AnalysisoftheImpactofInventoryManagementPracticesontheEffectivenessofRetailStoresinSouthAfrica Strictly as per the compliance and regulations of: