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

International Journal of Economics and Management Studies

© 2024 by SSRG - IJEMS Journal

Volume 11 Issue 12

Year of Publication : 2024

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

10.14445/23939125/IJEMS-V11I12P107

How to Cite?

Mabel Giuliana Rojas-Rojas, Reiner Arturo Tupac-Yupanqui-Fernandez, Richard Nicholas Meza-Ortiz, "A Lean Logistics Framework for Enhancing Inventory Management Efficiency: A Case Study in Peruvian Electrical Spare Parts SMEs," SSRG International Journal of Economics and Management Studies, vol. 11,  no. 12, pp. 69-78, 2024. Crossref, https://doi.org/10.14445/23939125/IJEMS-V11I12P107

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.

Keywords:

Lean logistics, Inventory management, Inventory turnover, Kanban, Demand forecasting.

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