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The impact of lean practices on inventory turnover

Demeter, Krisztina and Matyusz, Zsolt (2011) The impact of lean practices on inventory turnover. International Journal of Production Economics, 133 (1). pp. 154-163.

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Official URL: http://www.sciencedirect.com/science/article/pii/S0925527310000393


Abstract

Lean manufacturing (LM) is currently enjoying its second heyday. Companies in several industries are implementing leanpractices to keep pace with the competition and achieve better results. In this article, we will concentrate on how companies can improve their inventoryturnover performance through the use ofleanpractices. According to our main proposition, firms that widely apply leanpractices have higher inventoryturnover than those that do not rely on LM. However, there may be significant differences in inventoryturnover even among lean manufacturers depending on their contingencies. Therefore, we also investigate how various contingency factors (production systems, order types, product types) influence theinventoryturnoveroflean manufacturers. We use cluster and correlation analysis to separate manufacturers based onthe extent of their leanness and to examine the effect of contingencies. We acquired the data from the International Manufacturing Strategy Survey (IMSS) in ISIC sectors 28–35.

Item Type:Article
Uncontrolled Keywords:lean, manufacturing practices, inventory management
Subjects:Logistics, production management
Management, business policy, business strategy
Projects:OTKA T 76233
ID Code:937
Deposited By: Ádám Hoffmann
Deposited On:12 Oct 2012 11:30
Last Modified:12 Oct 2012 11:30

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