Determinants of Stock-Out in Retail Shops in Ghana: Evidence from Kumasi Metropolis - Modern Economy

ME > Vol.5 No.13, December 2014

Modern Economy

Volume 5, Issue 13 (December 2014)

ISSN Print: 2152-7245 ISSN Online: 2152-7261

Google-based Impact Factor: 0.74 Citations h5-index & Ranking

Determinants of Stock-Out in Retail Shops in Ghana: Evidence from Kumasi Metropolis ()

HTML XML

Download as PDF (Size: 2616KB) PP. 1240-1252

DOI: 10.4236/me.2014.513115 4,612 Downloads 6,762 Views Citations

Author(s)

Charles Adusei¹, Dadson Awunyo-Vitor^2*

Affiliation(s)

¹Department of Accounting and Finance, School of Business, Garden City University College, Kumasi, Ghana.
²Department of Agricultural Economics, Agribusiness and Extension, Faculty of Agriculture, College of Agriculture and Natural Resources, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana.

ABSTRACT

This study investigates factors influencing stock-out occurrence in retail shops in Kumasi Metropolis in Ghana. The study sampled two hundred and forty four retail outlets located in the central business areas of Kumasi Metropolis. A well structured questionnaire was used to solicit information from the respondents. Both descriptive statistics and inferential statistics were used to analyse the data. The results of the study revealed that delay in supplier’s items, demand underestimation, and bad back-of-store practices were the main causes of stock-outs. Generally, the study reveals that most retailers are not equipped to use most of the sophisticated stock control techniques and only limit themselves to the use of stock books to control stock. Information and communication technology and collaboration with suppliers were considered by the retailers as the main stock control implementation barriers. The study concludes that, although retailers are aware of the occurrence and the causes of stock-outs, many of them had done little to put in place measures to control it; and even the few that have been able to put in place stock control measures were confronted with implementation challenges. It is therefore recommended that retailers should adopt effective and efficient stock control techniques to limit out-of-stock occurrence.

KEYWORDS

Retail Shops, Stock-Out, Kumasi Metropolis, Ghana, Logit

Share and Cite:

Adusei, C. and Awunyo-Vitor, D. (2014) Determinants of Stock-Out in Retail Shops in Ghana: Evidence from Kumasi Metropolis. Modern Economy, 5, 1240-1252. doi: 10.4236/me.2014.513115.

Cited by

[1]	Organizational Development: Case of Retail Enterprises Structure
	Organizational Development: Case of Retail Enterprises Structure

[2]	Determinants of stock-outs of first line anti-tuberculosis drugs: the case of public health facilities of Addis Ababa city administration health bureau, Addis …
	BMC health services …, 2022

[3]	STOCK MANAGEMENT STRATEGIES AND SAFEGUARDING OF INVENTORY SHRINKAGE IN LARGE-SCALE RETAIL OUTLETS IN AKWA IBOM STATE, NIGERIA …
	2019

[4]	Developing a cost-effective stock control system for the Ashesi shop
	2019

[5]	The Effect of Implementing Comprehensive Inventory Management Policy on the Profitability of Independent Microretailers: A Quantitative Explanatory Study
	2019

[6]	A theoretical overview of the stockout problem in retail: from causes to consequences
	Management of Organizations: Systematic Research, 2018

[7]	Развитие организационной структуры предприятий розничной торговли (на примере Чешской республики)
	2017

[8]	COMPETITIVENESS AND ORGANIZATIONAL STRUCTURE: CLUSTER ANALYSIS OF RETAILERS IN THE CZECH REPUBLIC
	2016

[9]	Retail Inventory Control Strategies
	Walden Dissertations and Doctoral Studies, 2016

Journals Menu

Follow SCIRP

	+1 323-425-8868
	customer@scirp.org
	+86 18163351462(WhatsApp)
	1655362766

	Paper Publishing WeChat

Journals Menu

Home

About SCIRP

Service

Policies