Work

A Lean Logistics Framework for Enhancing Inventory Management Efficiency: A Case Study in Peruvian Electrical Spare Parts SMEs

Year: 2024

Type: article

Abstract: This research addressed the inventory management challenges faced by a Peruvian SME trading in electrical spare parts. Previous studies highlighted inefficiencies such as low turnover and stock discrepancies, yet failed to integrate comprehensive solutions. The study developed a Lean Logistics model incorporating 5S, Kanban, demand forecasting, and inventory control to optimize operations. Pilot implementation yielded measurable improvements: inventory turnover rose from 1.27 to 4.28, MAPE decreased by 68%, and record accuracy increased to 90%. These findings underline the model’s potential to enhance SME logistics efficiency and profitability. Further research could adapt this model for other industries or scales.

Source: International Journal of Economics and Management Studies

DOI: 10.14445/23939125/ijems-v11i12p107

Authors: Mabel Giuliana Rojas-Rojas, Reiner Arturo Tupac-Yupanqui-Fernandez, Richard Nicholas Meza-Ortiz

Institution: Universidad de Lima

Language: English

Topic: Supply Chain and Inventory Management

Subfield: Management Information Systems

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Responsible consumption and production

Open Access status: hybrid

OpenAlex ID: W4406951055