Understanding the knowledge accumulation process—Implications for the adoption of inventory management techniques

Abstract

Knowledge maturity models are used to identify the stages of the evolution process and assess the management attributes when improving the inventory management practices and adopting more sophisticated inventory management techniques. The management attributes are (1) technical tools, (2) skills, (3) roles and responsibilities and (4) performance measurement and incentives systems. The management attributes that are related to each other are identified for development stages. Two case companies are analyzed with the model. The model is found useful in assessing the current situation on inventory management practices, identifying the development focus areas and prioritizing the development effort.