Rakesh Kumar 15430235

ABSTRACT
The project is concerned with the management of inventories in a small business
enterprise. It will reflect the problems occurs in the small businesses while managing
the inventories and some solutions to overcome those problems. Many businesses
in New Zealand (i.e. Dairy shops) gets problems in placing and storing the stock. A
research is made on those bottlenecks and way out are find out in this research
project.
Data for this project is collected from primary as well as secondary sources. Under
primary data sources, interviews are made from different stores and observation in
my own workplace. Secondary sources are Articles, books, journals, previous
research projects, magazines etc. All the collected data is analysed. Literature
review and research question connection is made to make data more reliable for
solution to existing problems.
At the end it is concluded from research that most of the stores run out of stocks.
They are not able to apply EOQ technique for cost effectiveness. All this happens
because of size of business. These small businesses make small orders and easily
run out. Moreover many SMEs have less storage space to keep stock for backup.
Another problem found is concerned with display. These organisations have too
many things (i.e. 2+ dollar shops), which are hard to display each and everything in
good manner because of space constraint. Although some business have enough
space but customers spoils the displays, as they are very choosy. Solutions to these
problems are keeping some extra stock of demanded products and avoid stocking
for least or no demanded products. Give proper attention to customer needs.