Inventory Control Problems in Developing Countries
International Journal of Operations & Production Management
ISSN: 0144-3577
Article publication date: 1 April 1984
Abstract
This article examines inventory control problems in developing countries using the results of a field study conducted in the industrial sector of a developing country. It is shown that ineffective inventory control is a major problem faced by industries in developing countries and that even the very basic inventory control concepts and techniques are not used by the majority of the companies studied. Due to the heavy reliance on imported industrial raw materials and parts, and the endemic bureaucratic delays and associated communication problems in developing countries, order lead times cannot be computed with any degree of accuracy. Therefore manufacturers attempt to overcome the uncertainty by carrying excessive amounts of buffer stocks.
Keywords
Citation
Goonatilake, P.C.L. (1984), "Inventory Control Problems in Developing Countries", International Journal of Operations & Production Management, Vol. 4 No. 4, pp. 57-64. https://doi.org/10.1108/eb054726
Publisher
:MCB UP Ltd
Copyright © 1984, MCB UP Limited