Inventory Management Best Practices with Application to Sudanese Industry

Abstract

The purpose of this project is to find the optimum practices for managing inventory, and determining the practices being followed in the Sudanese industry. In order to collect the required data to determine the inventory management procedures we developed a questionnaire and made sure to include specific questions that will produce the required information that we need about the inventory management system. The next step is handing out the questionnaires in order to conduct a field survey. We tried to cover as wide a range of industrial facilities as possible to make sure we have a diverse pool of samples that will accurately represent the industry of the country. The final step is the data analysis procedure in which we opted to use the SPSS Statistics v.23 software. This software provides a helpful platform to analyze questionnaires in the most accurate way possible. Data is inserted into the software in the form of a code providing all the variables of the questions and the system proceeds to translate them in the form of tables, graphs, and all kinds of charts. After analyzing the data we go ahead and compare the practices being used in the country to the worldwide standards. After conducting the study, we determined that most of the Sudanese companies and factories don’t tend to follow the best practices for managing their inventory.