The relationship between UK manufacturers' inventory levels and supply, internal and market factors

Adegoke Oke, Marek Szwejczewski

Research output: Contribution to journalArticle

11 Scopus citations

Abstract

A major survey of UK manufacturing plants was carried out to explore the relationships between certain factors and inventory levels. These factors include procurement lead time, customer delivery lead time, manufacturing lead time and levels of predictability of raw materials availability and customer demand levels. The sample for the study comprises UK manufacturing plants in different industrial sectors including engineering, process, electronics, household products and food sectors. The results of a correlation analysis show that supply chain management issues such as the procurement lead time and the frequency of raw materials delivery are significantly linked with the inventory level of manufacturing plants. Also, manufacturing lead times were found to be associated with inventory levels but there was no significant relationship between customer delivery lead times and inventory levels.

Original languageEnglish (US)
Pages (from-to)151-160
Number of pages10
JournalInternational Journal of Production Economics
Volume93-94
Issue numberSPEC.ISS.
DOIs
StatePublished - Jan 8 2005
Externally publishedYes

Keywords

  • Inventory management
  • Inventory types
  • Manufacturing
  • Market factors
  • Supply chain

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics and Econometrics
  • Management Science and Operations Research
  • Industrial and Manufacturing Engineering

Fingerprint Dive into the research topics of 'The relationship between UK manufacturers' inventory levels and supply, internal and market factors'. Together they form a unique fingerprint.

  • Cite this