Retail chain affiliation and time trend effects on inventory turnover in Norwegian SMEs

Inventory is a significant and important asset for retailers and represents what a store has to offer its customers for instant purchase; at the same time, considerable costs are associated with holding inventory. In this study, we use inventory turnover as a measure of inventory performance. We bui...

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Autor principal:	Jørgen Breivik
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2019
Materias:	inventory turnover inventory leanness inventory management inventory performance Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/eebe22b6ead946209ef2bb9aa66657c6
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id	oai:doaj.org-article:eebe22b6ead946209ef2bb9aa66657c6
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spelling	oai:doaj.org-article:eebe22b6ead946209ef2bb9aa66657c62021-12-02T16:09:30ZRetail chain affiliation and time trend effects on inventory turnover in Norwegian SMEs2331-197510.1080/23311975.2019.1604932https://doaj.org/article/eebe22b6ead946209ef2bb9aa66657c62019-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2019.1604932https://doaj.org/toc/2331-1975Inventory is a significant and important asset for retailers and represents what a store has to offer its customers for instant purchase; at the same time, considerable costs are associated with holding inventory. In this study, we use inventory turnover as a measure of inventory performance. We build upon previous research and use firm-specific measures to untangle the link between inventory performance and chain affiliation as well as time trends for SMEs. We employ panel regressions on data for the 1998–2013 period for Norwegian stores affiliated with three different retail chains that operate within the industry of retail sale of hardware, paints and glass. We estimate inventory turnover both with and without controlling for explanatory variables, and we find that inventory performance over the sampling period varies but decreases over time for the examined retail chains controlling for factors known to affect relative inventory levels. We further find that retail chain affiliation affects inventory turnover at the store level when controlled for gross margin, capital intensity, growth in sales, and that inventory increases with firm size. These findings have important implications for practice.Jørgen BreivikTaylor & Francis Grouparticleinventory turnoverinventory leannessinventory managementinventory performanceBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 6, Iss 1 (2019)
institution	DOAJ
collection	DOAJ
language	EN
topic	inventory turnover inventory leanness inventory management inventory performance Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	inventory turnover inventory leanness inventory management inventory performance Business HF5001-6182 Management. Industrial management HD28-70 Jørgen Breivik Retail chain affiliation and time trend effects on inventory turnover in Norwegian SMEs
description	Inventory is a significant and important asset for retailers and represents what a store has to offer its customers for instant purchase; at the same time, considerable costs are associated with holding inventory. In this study, we use inventory turnover as a measure of inventory performance. We build upon previous research and use firm-specific measures to untangle the link between inventory performance and chain affiliation as well as time trends for SMEs. We employ panel regressions on data for the 1998–2013 period for Norwegian stores affiliated with three different retail chains that operate within the industry of retail sale of hardware, paints and glass. We estimate inventory turnover both with and without controlling for explanatory variables, and we find that inventory performance over the sampling period varies but decreases over time for the examined retail chains controlling for factors known to affect relative inventory levels. We further find that retail chain affiliation affects inventory turnover at the store level when controlled for gross margin, capital intensity, growth in sales, and that inventory increases with firm size. These findings have important implications for practice.
format	article
author	Jørgen Breivik
author_facet	Jørgen Breivik
author_sort	Jørgen Breivik
title	Retail chain affiliation and time trend effects on inventory turnover in Norwegian SMEs
title_short	Retail chain affiliation and time trend effects on inventory turnover in Norwegian SMEs
title_full	Retail chain affiliation and time trend effects on inventory turnover in Norwegian SMEs
title_fullStr	Retail chain affiliation and time trend effects on inventory turnover in Norwegian SMEs
title_full_unstemmed	Retail chain affiliation and time trend effects on inventory turnover in Norwegian SMEs
title_sort	retail chain affiliation and time trend effects on inventory turnover in norwegian smes
publisher	Taylor & Francis Group
publishDate	2019
url	https://doaj.org/article/eebe22b6ead946209ef2bb9aa66657c6
work_keys_str_mv	AT jørgenbreivik retailchainaffiliationandtimetrendeffectsoninventoryturnoverinnorwegiansmes
_version_	1718384446418190336

Retail chain affiliation and time trend effects on inventory turnover in Norwegian SMEs

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