Inventory management in commercial enterprises of Ukraine during a full-scale invasion

Litvinov Oleksandr
Doctor of Economics, Professor of the Department of Business Economics and Business Organization, Odesa National University of Economics, Odesa, E-mail:litvinov_a213@ukr.net, ORCID ID: https://orcid.org/0000-0002-1424-6904

Onyshchuk Viktoriia
6th-year student of specialty 076 "Entrepreneurship, trade and stock market activity", Odesa National University of Economics, Odesa, E-mail:viktoriaonishchuk0616@gmail.com, ORCID ID:

Cite this article:

Litvinov O., Onyshchuk V. (2023) Inventory management in commercial enterprises of Ukraine during a full-scale invasion. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Upravlinnia zapasamy na torhovelnykh pidpryiemstvakh Ukrainy v period povnomasshtabnoho vtorhnennia; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odesa National Economic University (ISSN 2313-4569), Odesa National Economics University, Odesa, No. 11-12 (312-313), pp. 204-212.

Abstract

The purpose of this article is to find the optimal concept of inventory management of trading companies during the period of full-scale invasion in Ukraine. Methods: methods of theoretical analysis, synthesis, deductive and inductive methods of comparison, generalization, and comparison were used. The article considers the key role of inventory management in the context of effective working capital management at Ukrainian enterprises during the period of military operations. The author's definition of the concept of "inventory management" is given. The paper considers an important aspect of inventory management at trade enterprises and proposes to use ABC-XYZ analysis to optimize the inventory management process. ABC-XYZ analysis is a tool that allows you to classify goods based on their importance and variability in demand, which is especially important for trade-related enterprises. This article outlines the benefits of this approach for implementation in trade enterprises, which would help improve the efficiency of inventory management and adapt them to the realities of a full-scale invasion. The article discusses in detail the process of classifying goods using ABC-XYZ analysis. The application of this approach helps enterprises to reduce inventory, optimize working capital and improve asset turnover, which contributes to the profitability of enterprises. The overall conclusion of the article is that proper inventory management using ABC-XYZ analysis is critical to optimize the working capital of an enterprise, increase its competitiveness and achieve financial sustainability in today's business environment under full-scale invasion. This article serves as a useful source of information for managers and specialists in the field of logistics and supply chain management in trading enterprises, as well as all specialists related to ordering in companies seeking to improve their inventory management processes and achieve greater efficiency in this area.

Keywords

commodity stocks, inventory management, ABC analysis, XYZ analysis, efficiency, ABC -XYZ analysis.

JEL classification: M210; DOI: https://doi.org/10.32680/2409-9260-2023-11-12-312-313-204-212

UD classification: 658.061.5:339.14

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