Assessing the impact of inventory management practices on production performance in the beverage production industry. The moderating role of dynamic capabilities.
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Date
2023
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KNUST
Abstract
The research sought to assess the impact of inventory management practices on production performance in the beverage industry, looking at the moderating role of dynamic capabilities. The study focused on an industry perspective, and leveraged data from four alcoholic beverage manufacturing firms within Ghana. The study chooses a sample of 120 staff and managers of the beverage industry but received 117 responses were received which constitute 97.5% response rate. Data was collected from the respondents using structured questionnaires. The respondents were chosen using both purposive and convenience sampling techniques, and the Statistical Package for Social Science version 20 was employed to analyze the data. The study found that the dominant inventory management practices in the beverage industry were; Economic order quantity, use of bar code scanner systems, enterprise resource planning systems, vendor managed inventory, and just-in-time. Economic order quantity, barcode scanner system, enterprise resource planning system, and vendor-managed inventory (independent variables) were found to have a significant and positive impact on production performance of the beverage manufacturing industry. The study found just in-time (independent variable) to have an inverse and insignificant relationship and impact on production performance in the beverage industry. The study equally found economic order quantity to be the variable making most contribution to the prediction and production performance of the beverage industry. The study further found marketing capability, alliancing capability (independent variables) to have a positive and significant relationship with production performance of the beverage industries. Technological capability development (independent variable) was found to have inverse but positive relationship with production performance (dependent variable). Meanwhile, managerial capability (independent variable) has inverse and insignificant relationship with production performance of the beverage manufacturing industry. The study concluded that, a reasonable balance between dynamic capability strengthens the association between inventory management practices and production performance. Findings indicated that, introduction of dynamic capability into the operations of manufacturing firms enhance it level of performance. It is therefore recommended that, the beverage manufacturing managers should strategically manage and invest in boasting the performance of its dynamic capabilities so as to enhance performance.
Description
A thesis submitted to the department of supply chain and information systems, in partial fulfilment of the requirements for the award of the degree of master of science in logistics and supply chain management