KEY INVENTORY FACTORS: PACKAGING PRODUCTS IN THE BEVERAGE INDUSTRY PERSPECTIVE

Abstract

The purpose of this paper is to assess the key factors that have the greatest impact on the inventory level, with a special emphasis on packaging products in the beverage industry in seven different countries. The research methodology includes: (1) Defining the pool of Key Inventory Factors, (2) Defining the final list of Key Inventory Factors, (3) Collecting data, (4) Analysis of the data (according to four different aspects) and recommendations. This study shows that these three factors: Holding costs, Information flow and Systems for order processing, inventory monitoring and inventory control (Systems for OPIMIC) have a significant correlation with the company's success. The paper offers additional analysis regarding the differences among them when it comes to their treatment in the Inventory Management Systems.