Enhancing Inventory Level Through Effective Forecasting: The Case of Ethiopian Agricultural Business Corporation (EABC)
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Date
2019-06
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Addis Ababa University
Abstract
Evaluating the effect of demand forecasting on inventory managment and identifying the co-factor variables
that alter the inventory may influence the overall supply chain performance. The purpose of this research
is to find the main factors and viable solution that affect the effectiveness of demand forecasting in
inventory of Ethiopian agricultural business corporation. This study was performed in collaboration with
the Ethiopian agricultural business corporation, which provided its sales and inventory data from 20112019.
Data
collected
by
interview,
questioners
&
documents
survey.
Also,
analyzed
with
SPSS
and
MSExcel
software.
According
to
the
finding
of
the
study
it
is
verified
that
90.2%
of
effectiveness
of
the
forecast
is
depends on proper mathematical forecasting model, competency of inventory staff, consideration of
competitor level, economic viewpoint, the price, type and level of technology of items and the accuracy of
inventory recording and the other 9.8% explained by other variables outside this research framework. Other
public enterprise can use the findings presented here in to drive their inventory and facility planning
decisions and support investments in warehouse and supply chain integration.
Description
Keywords
Forecasting, Effectiveness, Inventory management