Operational performance entitling the knowledge of inventory management practices on business performance: a mediational study
Global Knowledge, Memory and Communication
ISSN: 2514-9342
Article publication date: 7 November 2022
Issue publication date: 23 July 2024
Abstract
Purpose
The purpose of this paper is to examine the impact of knowledge of inventory management practices (KIMP) on operational performance (OP) and business performance (BP). This study emphasized understanding the mediational effect of OPs among KIMP and BP in manufacturing firms of Indian small- and medium-sized enterprises (SMEs).
Design/methodology/approach
This study analysed the above relationship from the data collected from 351 key officials of 170 Indian SMEs. The detailed analysis, including reliability, validity and testing hypothesis, was done in advanced SmartPLS-SEM 3.3.3 software.
Findings
The findings show that KIMP directly influences OP; thus, a company's OP significantly impacts the overall BP. The KIMP has no significant effect on BP. In line with this, the study findings demonstrate a significant, high mediation effect of OPs between KIMP and BP.
Originality/value
The KIMP on OP has been sparsely studied earlier, and neither have they conceptualized in understanding its impact on BP. In such tumultuous times, key manufacturing executives should stress the importance of KIMP as a comprehensive perspective.
Keywords
Citation
Panigrahi, R.R., Meher, J.R., Shrivastava, A.K., Patel, G. and Jena, L.K. (2024), "Operational performance entitling the knowledge of inventory management practices on business performance: a mediational study", Global Knowledge, Memory and Communication, Vol. 73 No. 6/7, pp. 738-756. https://doi.org/10.1108/GKMC-07-2022-0177
Publisher
:Emerald Publishing Limited
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