Article
Version 1
This version is not peer-reviewed
The Role of Inventory Management in Achieving Sustainability in Supply Chains
Version 1
: Received: 4 July 2024 / Approved: 12 July 2024 / Online: 12 July 2024 (05:49:59 CEST)
How to cite: Holloway, S. The Role of Inventory Management in Achieving Sustainability in Supply Chains. Preprints 2024, 2024071016. https://doi.org/10.20944/preprints202407.1016.v1 Holloway, S. The Role of Inventory Management in Achieving Sustainability in Supply Chains. Preprints 2024, 2024071016. https://doi.org/10.20944/preprints202407.1016.v1
Abstract
This study investigates the role of sustainable inventory management within supply chains, exploring strategies, benefits, challenges, and implications for organizations. Through qualitative research involving semi-structured interviews with supply chain professionals from diverse industries, key themes emerged. Sustainable practices such as green logistics, waste minimization, and ethical sourcing were identified as critical strategies to reduce environmental impact and enhance operational efficiency. Technological advancements, including AI, IoT, and blockchain, facilitate real-time monitoring, predictive analytics, and transparency, supporting data-driven decision-making in inventory management. Benefits include cost reduction, improved brand reputation, regulatory compliance, and risk mitigation, positioning organizations favorably in a competitive landscape shaped by environmental regulations and consumer expectations. Challenges such as cost constraints, regulatory complexities, and organizational inertia necessitate strategic investments, collaborative efforts, and leadership commitment to overcome. The study underscores the importance of integrating environmental, social, and economic considerations into supply chain practices to foster sustainability and resilience. Looking forward, the study advocates for a holistic approach to sustainable supply chain management, emphasizing innovation, stakeholder engagement, and capacity building. By aligning organizational values with societal expectations and regulatory frameworks, businesses can navigate complexities, drive positive environmental and social impacts, and achieve sustainable growth. This research contributes insights into current practices and future directions for sustainable inventory management, informing strategies that balance profitability with environmental stewardship and societal responsibility.
Keywords
sustainable inventory management; supply chains; green logistics; waste minimization; ethical sourcing; technological advancements; environmental sustainability
Subject
Business, Economics and Management, Business and Management
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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