THE INVENTORY MANAGEMENT PRACTICES OF DAEGU KOREAN SUPERMARKET IN SAN JOSE DEL MONTE BULACAN

Abstract

Daegu Korean Supermarket is a retail business located at EB Town Center in San Jose Del Monte, Bulacan, offering authentic Korean, Japanese, and other Asian products. Based on observations and informal interviews conducted by the researchers, it was found that the store’s stock levels and product displays significantly affect its sales and profitability. The inventory system and overall performance of Daegu Korean Supermarket are multifaceted and influenced by various internal factors. The researchers employed a descriptive research design to examine the inventory management practices at Daegu Korean Supermarket. Purposive sampling was used to select 30 employees who could provide valuable insights into the store’s inventory management. Data were collected through a survey questionnaire and analyzed using frequency and percentage distributions, weighted means, and the H-test statistical methods. The data reveal several challenges that significantly impact inventory management, with spoilage and damaged items being the most pressing concern, as reported by 40 percent of respondents. This indicates that spoilage and damage lead to increased costs, as damaged goods lose value—either partially or entirely—resulting in direct financial losses. Additionally, products that spoil before they can be sold cause lost revenue for the business. The researchers emphasize the importance of employee training in inventory management. Regular and comprehensive training programs can significantly enhance stock handling, accuracy, and overall performance. It is recommended to develop a training program covering key areas such as FIFO (First In, First Out), stock rotation, use of inventory management systems, and proper handling of perishable goods. Additionally, establishing a clear and detailed inventory management policy that outlines standard operating procedures (SOPs) for receiving, storing, and disposing of products is essential for consistent and effective stock control.