IMPROVING STRATEGIC MANAGEMENT ACCOUNTING OF INVENTORY
Keywords:
Strategic management accounting, inventory control, data analytics, ERP systems, governance.Abstract
This paper explores the development of an advanced framework for improving strategic management accounting (SMA) of inventory. The study emphasizes the crucial role of inventory as a financial and operational asset and presents methods to align inventory management practices with strategic objectives. The research identifies key challenges in existing accounting systems, such as poor data integration, forecasting inaccuracies, and weak governance. Solutions involve applying digital transformation, predictive analytics, and cross-functional collaboration. The paper concludes that SMA provides the foundation for better financial performance and sustained competitive advantage through data-driven inventory decisions.Downloads
Download data is not yet available.
References
Christopher, M. (2016). Logistics & Supply Chain Management. Pearson Education.
Drury, C. (2018). Management and Cost Accounting. Cengage Learning.
Kaplan, R. S., & Norton, D. P. (1996). The Balanced Scorecard: Translating Strategy into Action. Harvard Business Review Press.
Langfield-Smith, K., Thorne, H., & Hilton, R. (2019). Management Accounting: Information for Decision-Making and Strategy Execution. McGraw-Hill Education.
Otley, D. (2016). The contingency theory of management accounting and control: 1980–2014. Management Accounting Research, 31(1), 45–62.
Downloads
Published
2025-10-11
