Inventory Management Practices of Retailers in Santiago City

The study assessed the inventory management practices of retailers of Santiago City. It described the characteristics of retailers and documented their inventory management practices and identified the problems encountered along the domains of purchasing, records keeping, storage, and issuance. Qualitative and quantitative research methods were used to gather the needed data. The study considered only 50 small businesses in Santiago City consisting of 20 clothing retailers, ten rice retailers, ten feeds supply retailers, and ten grocery stores. Findings revealed that majority of the retailers are high school graduates and their business is mainly sole proprietorship. They have been operating between 11-20 years with six to ten employees and have invested P100, 001-200,000 as capitalization. With regard inventory management, they frequently implement purchasing practices as opposed to records keeping, storage, and issuance which are rarely practiced by them. In addition, retailers also experienced moderately pressing problems in all domains of inventory management such as purchasing, records keeping, and storage and issuance.