Improving Inventory Control: Service Food Ltd Waste Management Report

This report analyzes food waste management at Service Food Ltd, focusing on improving its inventory control system. The research employs both primary and secondary data collection methods, including surveys and interviews with managers. Quantitative data analysis involves inferential statistics, regression analysis, and the use of charts and graphs to present findings. The report identifies issues such as inadequate transportation and forecasting, leading to poor stock management. It also explores potential solutions like cloud-based inventory systems. The study includes an executive summary, table of contents, introduction, literature review, data analysis, and recommendations for enhancing inventory control and reducing waste within the company. The report concludes with reflection and references.

Running head: WASTE MANAGEMENT
Waste management
Name of the Student
Name of the University

2
WASTE MANAGEMENT
Executive Summary
This research has focused on analysis of food waste management. The aim of the research has
been focused on improving inventory control system of organization or reducing stock
management problem. Data has been collected from both primary and secondary method of data
collection. Data has been analyzed using graphs, charts and tables. Inferential analysis has been
done with the survey data. Face to face interview has been organized with three managers in the
industry.

3
WASTE MANAGEMENT
Table of Contents
Chapter 1: Introduction....................................................................................................................3
Aim, Objectives and Research questions.....................................................................................4
Data Collection and Analysis..........................................................................................................4
Quantitative data analysis................................................................................................................5
Conclusion and recommendations.................................................................................................24
Conclusion.................................................................................................................................24
Recommendations......................................................................................................................26
Reflection.......................................................................................................................................27
References......................................................................................................................................35

4
WASTE MANAGEMENT
Chapter 1: Introduction
Waste management has been an important part in the food industries. Food industry has
been facing a lot of problems related to cleanliness and wastage of food. A huge amount of food
are wasted due to several factors including extra food and rotten food. Therefore, food waste
management has been an option to maintain a keen approach in the reducing wastages of food.
The use of waste management system in the food industry have been creating revolution
minimizing food waste (Wild, 2017). Therefore, this project has focused on stock management
of Service Food Ltd. There has been problem identified in the inventory system of the
organization. This report has been focused on improvement of inventory control system for
reducing stock management related problem (Muller, 2019). The problems in the stock
management has been discussed in the research. Data has been collected from both primary and
secondary method of collection.
Inventory management has been an act of tracking stocked goods and items available in
the organization. The use of different inventory system has been depended on the stock
availability in the system. A poor inventory system can led to waste of goods and decrease in
sales of the company. Therefore, for reducing this issue in the company a proper planning has
been done in order to maintaining proper inventory control system (Gallino, Moreno &
Stamatopoulos, 2016). There have been both quantitative and qualitative method used in the
research. The literature review has been done using qualitative method. Various existing
literatures have been reviewed in the research.
Aim, Objectives and Research questions
The aim of the research has been focused on improving inventory control system of organization
or reducing stock management problem. This research has also focused on identifying problem

5
WASTE MANAGEMENT
related to stock management. The primary problem highlighted in the research has been the stock
management. There are several cases in which stock is more than required quantity and
sometimes short than the required quantity. This issue has been arising due to poor inventory
management system in the company.
Following are the objectives of the research:
 To identify problem related to stock management
 To analyze inventory control system and its effect on stock management
 To recommend strategies for reducing stock management problems through inventory
control system
Following are the research questions:
 What are the problems in stock management?
 What is the effect of inventory system on stock management?
 How issues in stock management can be reduced by inventory control system?
Data Collection and Analysis
Data collection has been an important part of the research. Data has been collected using both
primary and secondary method of data collection method. Primary data collection method
include conducting online survey using Google forms. Secondary data collection method include
online journals, books and articles. Interview has been done with three managers of Service
Foods Ltd. In primary data collection method, 8 close ended survey questions have been added in the
survey questionnaire. Google forms has been used for creating the survey questionnaire and uploaded
over the official website of Service Foods Ltd. This has helped in collecting primary data for the
research. Three managers of the Service Foods Ltd. have been interviewed and three open ended

6
WASTE MANAGEMENT
questions have been asked to them. Their answers have been collected as data and information for the
research.
Quantitative data analysis
Quantitative data analysis focuses on data collection from primary data collection method.
Online survey has been conducted on 20 employees of Service Foods Ltd. There have been 8 close
ended questions been asked to them and answers have been collected as data and information for the
research. Data has been analyzed by using inferential statistics method. Regression analysis has been
dine in the collected data and information. Likert scale has been used ranging from 1 to 5. Charts and
graphs have been used to show the results and outcomes of the survey graphically.
Question 1: How many years you are working in this company?
Options Responses Responses% Total respondents
0-2 years 3 14 % 20
3-5 years 5 24 % 20
5-7 years 4 20 % 20
7-9 years 4 22 % 20
Above 10 years 4 20 % 20

7
WASTE MANAGEMENT
Figure 1: How many years you are working in this company?
Analysis: As per the graph and table, 24% of the participants have been working in the company for
3-5 years. 22% of the participants have been working for 7-9 years. This shows that most of the
employees have been loyal to their company and working for so many years. However, the company
need to recruit new employees in order to improve their employee strength in the company.
Question 2: What is your position in the company?
Options Responses Responses% Total respondents
Relationship
Manager
2 8 % 20
Stock Staff 7 36 % 20
Stock Manager 4 20 % 20
System Operators 4 20 % 20
Manager 3 16 % 20

8
WASTE MANAGEMENT
Figure 2: What is your position in the company?
Analysis: As per graph and table, 36% of the participants have been stock staff in the company.
Therefore, most of the employees participated in the survey are from stock management department.
This shows that the company has proper sources in the stock department. However, there might be
lack of skill among those staffs that has been causing poor stock management in the company.
Question 3: Are you satisfied with inventory management system of your company?
Options Responses Responses% Total respondents
Strongly Dissatisfied 4 18 % 20
Dissatisfied 6 34 % 20
Neutral 3 16 % 20
Satisfied 4 18 % 20
Strongly Satisfied 3 14 % 20

9
WASTE MANAGEMENT
Figure 3: Are you satisfied with inventory management system of your company?
Analysis: According to the graph and table, 34 % of the participants have been dissatisfied with the
inventory management in the company. Along with 18% of the participants have been strongly
dissatisfied from the inventory system. This can be analyzed that 62% of the employees in the
company have been dissatisfied with the inventory management. The company need to focus on
improving their inventory management system in order to develop in the market.
Question 4: Is the supply chain management department is having sufficient
transportation?
Options Responses Responses% Total respondents
Yes 6 28 % 20
No 14 72 % 20

10
WASTE MANAGEMENT
Figure 4: Is the supply chain management department is having sufficient transportation?
Analysis: According to table and chart, 72% of the participants answered in negative about
transportation in supply chain management department. The transport system has not been
regular in the company due to which raw materials are not available on time. Therefore, the
production of the company has been decreasing. This has become a major cause in decrease of
brand name in the company.
Question 5: What are the reasons of poor inventory management in your company?
Options Responses Responses% Total respondents
Poor planning 2 10 % 20
Inadequate
forecasting
6 32 % 20
Lack in technology 5 24 % 20
Poor information
system
3 12 % 20
Lack of skill 4 22 % 20

11
WASTE MANAGEMENT
Figure 5: What are the reasons of poor inventory management in your company?
Analysis: According to the table and graph, 32% of the participants believe that inadequate
forecasting has been the main reason for poor stock management. 24% of the participants believe
that lack in technology has been main cause of poor stock management. This can be analyzed
that the lack in technology has been causing poor stock management. The company has not been
using latest technology in their operation. Therefore, they are lagging behind in technology and
poor stock management.
Question 6: What might be solutions to poor inventory management system?
Options Responses Responses% Total respondents
Establishing
Inventory KPIs
3 14 % 20
Inadequate
forecasting
5 28 % 20
Cloud based
inventory system
4 22 % 20
Auditing and 5 24 % 20

12
WASTE MANAGEMENT
reporting
Mitigating issues in
inventory system
3 12 % 20
Figure 6: What might be solutions to poor inventory management system?
Analysis: According to charts and table, 22% of the participants have answered cloud based
inventory control system might be the solution to the poor stock management system. Cloud
computing helps in providing proper solutions to these challenges in poor stock management.
The services [provided by the cloud can be obtain at any time and place. Therefore, it provides
an automated system to manage the inventory in the company.
Regression Analysis:
In this section, two regression model has been employed for evaluating the issues in stock
management and reducing this by proper inventory management. The inventory management
system has been helping in maintaining keen approach in the development of the stock
management in the company.