Effectiveness of Systems Application on Financial Performance of Supermarkets in Kenya

Collins Ochieng Obura

doi:doi:10.11648/j.ajomis.20210603.13

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Effectiveness of Systems Application on Financial Performance of Supermarkets in Kenya

Collins Ochieng Obura

Published in American Journal of Operations Management and Information Systems (Volume 6, Issue 3)

Received: 10 August 2021 Accepted: 23 August 2021 Published: 30 August 2021

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Abstract

The scramble for space in the retail industry has forced most supermarkets into adopting alternative strategies that will enable them attract customers, reduce operational costs and gain competitive edge in the market. This study discusses the application of systems with integrated database that are able to create enabling environment for efficient retail management. Bar coding and Continuous Replenishment System are the key variables used to get more insight into the study. The study adopted a cross-sectional survey design. A stratified sampling method was used to select a sample from the total population. From each stratum, the study used a random sampling to select 30% of the respondents which made a sample of 42 respondents. Data was collected using questionnaires and analysis done using statistical package for social science to communicate research findings. The ANOVA findings as explained by the P-Value of 0.000 which is less than 0.05 (significance level of 5%) confirms the existence of correlation between the independent and dependent variables. From the study findings, the study concludes that the introduction of barcode and continuous replenishment systems at an early stage of supermarket operation will enable the business to create greater responsiveness to its customers and suppliers, understand its cash flow needs, protect its financial data and confidential executive decisions and reduce its operation expenses leading to higher profitability and financial performance.

Published in	American Journal of Operations Management and Information Systems (Volume 6, Issue 3)
DOI	10.11648/j.ajomis.20210603.13
Page(s)	52-57
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2021. Published by Science Publishing Group

Keywords

Systems Application, Barcoding, Continuous Replenishment System, Financial Performance and Supermarkets

References

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[2]	Nikoloski, K. (2014). The Role of Information Technology in the business sector. International Journal of Science and Research. Volume 3 Issue 12. 306.
[3]	Vollman. T. E., Berry. W. L. and Whybark D. C., (1997). Manufacturing Planning and Control Systems (Homewood: Irwin).
[4]	Miles, Bell (2011) RFID Technology and Applications, London, Cambridge University Press.
[5]	Kumar, P., & Kumar, M. (2003). Vendor managed inventory in retail industry. White Paper, Tata Consultancy Services. Retrieved from http://www.tcs.com/ (accessed on 24 May 2006).
[6]	Darlington, W. (2009). “Purchasing and Supply Material”. 7^th Edition published in New Delhi.
[7]	Shisia, A., Sand, W., & Okibo, W. (2014). An in-depth analysis of the Altman’s failure Prediction model on corporate financial distress in Uchumi supermarket in Kenya. European Journal of Business Management, 6 (23), 27-41.
[8]	Kenya Association of Manufacturers, (2016). Annual Report 2016.
[9]	State department for trade report: (2017). Study on Kenya retail sector prompt payment.
[10]	Lwiki, T., Ojera, P., Mugendi, N., & Wachira, V. (2013). The impact of Inventory Management Practices on Financial Performance of Sugar Manufacturing Firms in Kenya. International Journal of Business, humanities and Technology, 3 (5), 75-85.
[11]	Bhatt, H. and Glover, B. (2006) RFID Essentials. O’Reilly Pub, New York.
[12]	Lee, H. M., and Yao, J. S. (1998). Economic Production Quantity for Fuzzy Demand and Fuzzy Production Quantity. European Journal of Operational Research, 109: 203-211.
[13]	Baily, P., Farmer, D., Crocker, B., David, J., Jones, J., (2018). Procurement principles and management. 10^th edition.
[14]	Ziukov. S. (2015). A literature review on models of inventory management under uncertainty.
[15]	Babbie, E. (2007). The practice of Social research. 11^th Edition. Thompson Wadsworth, Belmont.
[16]	Cooper, D. R., & Schindler, P. S. (2014). Business Research Methods. New York: McGraw-Hill/Irwin. (12th ed.).
[17]	Kato, & Tan. (2007). 2D barcodes for Mobile Phones. Proceedings of 2nd. International Conference on Mobile Technology, Applications and. Systems. Retrieved April 25, 2017.
[18]	Saleemi, N. A. (2017). “Storekeeping and stock control simplified” Solutions Publishing co. Nairobi Kenya.

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Collins Ochieng Obura. (2021). Effectiveness of Systems Application on Financial Performance of Supermarkets in Kenya. American Journal of Operations Management and Information Systems, 6(3), 52-57. https://doi.org/10.11648/j.ajomis.20210603.13

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Collins Ochieng Obura. Effectiveness of Systems Application on Financial Performance of Supermarkets in Kenya. Am. J. Oper. Manag. Inf. Syst. 2021, 6(3), 52-57. doi: 10.11648/j.ajomis.20210603.13

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AMA Style

Collins Ochieng Obura. Effectiveness of Systems Application on Financial Performance of Supermarkets in Kenya. Am J Oper Manag Inf Syst. 2021;6(3):52-57. doi: 10.11648/j.ajomis.20210603.13

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@article{10.11648/j.ajomis.20210603.13,
  author = {Collins Ochieng Obura},
  title = {Effectiveness of Systems Application on Financial Performance of Supermarkets in Kenya},
  journal = {American Journal of Operations Management and Information Systems},
  volume = {6},
  number = {3},
  pages = {52-57},
  doi = {10.11648/j.ajomis.20210603.13},
  url = {https://doi.org/10.11648/j.ajomis.20210603.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajomis.20210603.13},
  abstract = {The scramble for space in the retail industry has forced most supermarkets into adopting alternative strategies that will enable them attract customers, reduce operational costs and gain competitive edge in the market. This study discusses the application of systems with integrated database that are able to create enabling environment for efficient retail management. Bar coding and Continuous Replenishment System are the key variables used to get more insight into the study. The study adopted a cross-sectional survey design. A stratified sampling method was used to select a sample from the total population. From each stratum, the study used a random sampling to select 30% of the respondents which made a sample of 42 respondents. Data was collected using questionnaires and analysis done using statistical package for social science to communicate research findings. The ANOVA findings as explained by the P-Value of 0.000 which is less than 0.05 (significance level of 5%) confirms the existence of correlation between the independent and dependent variables. From the study findings, the study concludes that the introduction of barcode and continuous replenishment systems at an early stage of supermarket operation will enable the business to create greater responsiveness to its customers and suppliers, understand its cash flow needs, protect its financial data and confidential executive decisions and reduce its operation expenses leading to higher profitability and financial performance.},
 year = {2021}
}

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TY  - JOUR
T1  - Effectiveness of Systems Application on Financial Performance of Supermarkets in Kenya
AU  - Collins Ochieng Obura
Y1  - 2021/08/30
PY  - 2021
N1  - https://doi.org/10.11648/j.ajomis.20210603.13
DO  - 10.11648/j.ajomis.20210603.13
T2  - American Journal of Operations Management and Information Systems
JF  - American Journal of Operations Management and Information Systems
JO  - American Journal of Operations Management and Information Systems
SP  - 52
EP  - 57
PB  - Science Publishing Group
SN  - 2578-8310
UR  - https://doi.org/10.11648/j.ajomis.20210603.13
AB  - The scramble for space in the retail industry has forced most supermarkets into adopting alternative strategies that will enable them attract customers, reduce operational costs and gain competitive edge in the market. This study discusses the application of systems with integrated database that are able to create enabling environment for efficient retail management. Bar coding and Continuous Replenishment System are the key variables used to get more insight into the study. The study adopted a cross-sectional survey design. A stratified sampling method was used to select a sample from the total population. From each stratum, the study used a random sampling to select 30% of the respondents which made a sample of 42 respondents. Data was collected using questionnaires and analysis done using statistical package for social science to communicate research findings. The ANOVA findings as explained by the P-Value of 0.000 which is less than 0.05 (significance level of 5%) confirms the existence of correlation between the independent and dependent variables. From the study findings, the study concludes that the introduction of barcode and continuous replenishment systems at an early stage of supermarket operation will enable the business to create greater responsiveness to its customers and suppliers, understand its cash flow needs, protect its financial data and confidential executive decisions and reduce its operation expenses leading to higher profitability and financial performance.
VL  - 6
IS  - 3
ER  -

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Author Information

Collins Ochieng Obura

School of Business and Economics, Turkana University College, Lodwar, Kenya

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APA Style

Collins Ochieng Obura. (2021). Effectiveness of Systems Application on Financial Performance of Supermarkets in Kenya. American Journal of Operations Management and Information Systems, 6(3), 52-57. https://doi.org/10.11648/j.ajomis.20210603.13

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ACS Style

Collins Ochieng Obura. Effectiveness of Systems Application on Financial Performance of Supermarkets in Kenya. Am. J. Oper. Manag. Inf. Syst. 2021, 6(3), 52-57. doi: 10.11648/j.ajomis.20210603.13

Copy | Download

AMA Style

Collins Ochieng Obura. Effectiveness of Systems Application on Financial Performance of Supermarkets in Kenya. Am J Oper Manag Inf Syst. 2021;6(3):52-57. doi: 10.11648/j.ajomis.20210603.13

Copy | Download

@article{10.11648/j.ajomis.20210603.13,
  author = {Collins Ochieng Obura},
  title = {Effectiveness of Systems Application on Financial Performance of Supermarkets in Kenya},
  journal = {American Journal of Operations Management and Information Systems},
  volume = {6},
  number = {3},
  pages = {52-57},
  doi = {10.11648/j.ajomis.20210603.13},
  url = {https://doi.org/10.11648/j.ajomis.20210603.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajomis.20210603.13},
  abstract = {The scramble for space in the retail industry has forced most supermarkets into adopting alternative strategies that will enable them attract customers, reduce operational costs and gain competitive edge in the market. This study discusses the application of systems with integrated database that are able to create enabling environment for efficient retail management. Bar coding and Continuous Replenishment System are the key variables used to get more insight into the study. The study adopted a cross-sectional survey design. A stratified sampling method was used to select a sample from the total population. From each stratum, the study used a random sampling to select 30% of the respondents which made a sample of 42 respondents. Data was collected using questionnaires and analysis done using statistical package for social science to communicate research findings. The ANOVA findings as explained by the P-Value of 0.000 which is less than 0.05 (significance level of 5%) confirms the existence of correlation between the independent and dependent variables. From the study findings, the study concludes that the introduction of barcode and continuous replenishment systems at an early stage of supermarket operation will enable the business to create greater responsiveness to its customers and suppliers, understand its cash flow needs, protect its financial data and confidential executive decisions and reduce its operation expenses leading to higher profitability and financial performance.},
 year = {2021}
}

Copy | Download

TY  - JOUR
T1  - Effectiveness of Systems Application on Financial Performance of Supermarkets in Kenya
AU  - Collins Ochieng Obura
Y1  - 2021/08/30
PY  - 2021
N1  - https://doi.org/10.11648/j.ajomis.20210603.13
DO  - 10.11648/j.ajomis.20210603.13
T2  - American Journal of Operations Management and Information Systems
JF  - American Journal of Operations Management and Information Systems
JO  - American Journal of Operations Management and Information Systems
SP  - 52
EP  - 57
PB  - Science Publishing Group
SN  - 2578-8310
UR  - https://doi.org/10.11648/j.ajomis.20210603.13
AB  - The scramble for space in the retail industry has forced most supermarkets into adopting alternative strategies that will enable them attract customers, reduce operational costs and gain competitive edge in the market. This study discusses the application of systems with integrated database that are able to create enabling environment for efficient retail management. Bar coding and Continuous Replenishment System are the key variables used to get more insight into the study. The study adopted a cross-sectional survey design. A stratified sampling method was used to select a sample from the total population. From each stratum, the study used a random sampling to select 30% of the respondents which made a sample of 42 respondents. Data was collected using questionnaires and analysis done using statistical package for social science to communicate research findings. The ANOVA findings as explained by the P-Value of 0.000 which is less than 0.05 (significance level of 5%) confirms the existence of correlation between the independent and dependent variables. From the study findings, the study concludes that the introduction of barcode and continuous replenishment systems at an early stage of supermarket operation will enable the business to create greater responsiveness to its customers and suppliers, understand its cash flow needs, protect its financial data and confidential executive decisions and reduce its operation expenses leading to higher profitability and financial performance.
VL  - 6
IS  - 3
ER  -

Copy | Download