دانلود رایگان مقاله انگلیسی بازنگری رابطه بین مدیریت موجودی و عملکرد شرکت: چشم انداز چرخه زندگی سازمانی - الزویر 2016

Abstract

Existing evidence regarding inventory-performance relationship is inconclusive. A perspective that this paper stresses in considering this relationship is that it might depend on organizational life cycle stage. The underlying assumptions of this argument are that organization’s strategies and relationships vary with its life cycle stage, organizations develop their own strategies to fit between inventory system and organizational settings, and design of inventory system is not a linear process, rather it is a dynamic process that emerges and evolves in response to the power and interests of the stakeholders. Econometric analysis provides support for this argument. Specifically, the results show that while inventory to sales ratio affects organization performance negatively in the initial growth stage and the maturity stage, it exerts a positive and significant coefficient on performance in either the rapid growth stage or the revival stage. An implication of these findings is that existing perspectives might need to be treated as complementary viewpoints, each of which comprises a part of the whole picture because depending on just one single perspective is likely to result in misleading conclusions about the whole structure.

7. Discussion and conclusion

Empirical evidence regarding the role of inventory in predicting organization performance is conflicting. It is argued here that the relationship is likely to vary with organizational life cycle stage. This is because the decision of inventory depends, like any other decision, not only on the perceived costs and benefits of the decision but also on the institutional environment that the organization is confronting. This argument is consistent with the findings of prior studies that organizations in the same industry context respond differently to similar external pressures (Bhambri & Sonnenfeld, 1988), that organizations are likely to respond to different stakeholders in a way that varies steadily with firm life cycle (Jawahar & McLaughlin, 2001), and that the decision by managers to change inventory systems depends on the state of competition within the market (Blazenko & Vandezande, 2003; Rotemberg & Saloner, 1989), organizational settings (De Vries, 2005), and the power and interests of stakeholders (De Vries, 2011).