Using Inventory Management Strategies to

Improve Financial Performance in Today’s Crisis

Due to the effects brought by the pandemic, businesses’ sales have declined drastically
compared from the previous years, compelling several small scaled businesses to close down,
while some managed to continue business through the crisis. Coping up with the “new normal”
later on, most businesses formed diverse techniques of making their way up back.

While some have focused on advertisement to increase sales, another strategy of

financially performing healthier is by way of enhancing management on inventory. Proper
inventory control creates a significant relation to sales and production, and establishes a large
ration of the production cost, thus, affecting financial performance.

Inventory management strategies vary for different business types. However, the research
will focus on a mini mart of different Korean food products. The data necessary for such
research requires data, quantitative and qualitative in nature. It is necessary that the inventory
count of products of the store is taken into account, as well as the average number of customers
buying specific goods. Qualitative data will include which products people mostly consume,
especially during a world-wide crisis, also considering that the products in question are of
Korean culture. Gathering the data will be by way of survey questionnaires through Google
forms without gathering any demographic profile from selected respondents with mid to high
interest on purchasing such products. Inventory count and average number of customers shall be
collected through an interview that may be conducted through either an online conference or
face-to-face interview with the permission of the establishment’s manager. Data shall be
analyzed and use specific inventory management software.

2 weeks shall be allotted in the collection of responses for the survey. The interview shall
be arranged within a maximum of 7 days. Data evaluation will require the group at least another
2 weeks, organizing consultations with the group’s assigned adviser. The group will allocate 2
weeks in finalizing the paper. Finally, the completed paper shall be prepared and delivered to the
institute within a span of 1 week for referral for oral defense presentation.
Carreon, Royseph rcarreon@cca.edu.ph
Quiambao, Bianca bquiambao@cca.edu.ph
Temple, Lydil Ann latemple@cca.edu.ph
Umali, Kimberly Shane ksumali@cca.edu.ph
Vergara, Shane shanevergara@cca.edu.ph
 INSTITUTE OF BUSINESS AND MANAGEMENT
CITY COLLEGE OF ANGELES
Arayat Blvd., Pampang, Angeles City

Request for Research Adviser

April 10, 2021

Amor I. Barba, MM
Dean
Institute of Business and Management
City College of Angeles

Through: Jeffrey Gozun

Dear Dean Barba,

We, the third year students taking a degree in Bachelor of Science in Accounting Information System, are
currently enrolled in XACCRES1 class, would like to respectfully request for the assistance of a Research
Adviser. Our proposed research topic is about the use of inventory management strategies to improve
financial performance in today’s crisis. Attached is a copy of our concept paper.

Subject to your approval, we would like to suggest the appointment of Nelia B. Tomas, CPA as our
research adviser.

Respectfully,

Quiambao, Bianca bquiambao@cca.edu.ph 0926 472 8293

Group Point Person

Carreon, Royseph rcarreon@cca.edu.ph

Member

Umali, Kimberly Shane ksumali@cca.edu.ph

Member

Temple, Lydil Ann latemple@cca.edu.ph

Member

Vergara, Shane shanevergara@cca.edu.ph

Member