The Role of Inventory Management Techniques and Technology-Driven Systems in Enhancing Organizational Performance

Abstract

In todays competitive and technology driven environment firms are facing several challenges like high competition low price high cost of labor new technologies effective inventory management has become essential for organizational sustainability and performance. Among all the above modern organizations facing severe problems with its inventory management aligned with modern technologies. This study examines the effect of inventory management techniques and technology driven systems on organizational performance in selected universities in the Amhara region of Ethiopia. This current study aimed to assess the effect of inventory management practices on the performance of some of the selected universities as separate strata in Amhara region of Ethiopia. A quantitative research design was employed using stratified random sampling. Data was collected from 304 employees across multiple departments of selected universities. Statistical analysis included Pearsons correlation coefficient of determination R2 and multiple regression analysis. The collected data was analyzed with the help of descriptive analysis like Pearsons correlation R R2 and Multiple Regression regression techniques. The findings indicate a strong positive and statistically significant relationship between inventory management techniques and organizational performance r 784 p 01. Regression results further confirm that inventory management techniques significantly influence performance β 139 p 01. The study concludes that structured inventory models supported by digital technologies enhance operational efficiency and institutional effectiveness. Since inventory accounts for a huge capital of an organization those universities need to have good management in the overall flow of their resources from initial purchase through final usage. Those universities should have a prompt and accurate recording of every inventory in the university. Those universities should hold as little inventory. The research recommends the adoption of modern inventory control systems and improved documentation practices to strengthen university performance.