Inventory Management at Makerere University Business School and Its Impact on the Revenue Performance of Small and Medium Enterprises
Numerous studies have explored the effectiveness of implementing operations managementtechniques in inventory management and its impact on revenue performance. This studyaims to ascertain the significance of inventory management, its various approaches, and thecorrelation between managing inventory effectively and revenue performance. Employing asecondary data collection method, the researcher reviewed and analyzed pertinentdocuments from various authors. The research findings reveal that a majority of small andmedium-sized enterprises struggle to adopt new inventory management methods, therebyadversely affecting their revenue performance. When inventory management isn't integratedseamlessly, treating it as a separate entity, these enterprises struggle to ensure optimalresource utilization. However, the study also notes the presence of both positive andnegative relationships between inventory management strategies and sales performance. Inconclusion, the study recommends that SMEs enhance their inventory managementtechniques to positively impact business revenue. This improvement is crucial forstreamlining operations and maximizing financial outcomes.Keywords: Inventory management, Business revenue, Applying operations, Managementtechniques, Sales performance.