Factors Affecting the Efficiency of Inventory Management in the Context of Competitiveness Management of a Trading Company

Abstract

Inventory management is one of the indicators of the effectiveness of the inventory management of trading companies, while identification of the effectiveness of inventory management is an issue that needs to be addressed. The article shows the importance of the competitiveness of trading companies in the new conditions of the functioning of the Russian economy. The research considers the issues of competitiveness of trading companies from the standpoint of the influence of the degree of efficiency of inventory management. The study analyzed the approaches to understanding the essence of inventory management, including the logistics approach, types of costs and losses associated with inventory; and their absence, the impact of stocks on the external and internal competitive advantages of a trading company. We also determined an indicator for evaluating the effectiveness of inventory management. Based on the modified assortment management model, subjective factors for the effectiveness of inventory management are established and the nature of their influence is shown, and a logical model of the system of these factors is proposed.