In this competitive business environment costs control serves as an important instrument to remain competitive in the market. Procurement management serves as an important strategy for organizations to remain competitive for both present and future. To remain competitive among other competitors in todays's market, organizations have been compelled to lower their costs, increase revenue while maintaining highest quality of their products and services that are delivered to their customers. This open access article is distributed under a Creative Commons Attribution (CC-BY) 4.0 license. Note that, the conclusion obtained from this study may not be used to generalize to large and medium scale as well as overall sectors since its focus is only from the MSEs’ manufacturing sub-sector points of view. That would enhance their contribution to the economic development of the country. Therefore, it is recommended that policy makers, universities, NGOs and any concerned party who are engaged in supporting of MSEs need to work on providing the necessary training and resource to promote the inventory management practice of MSEs which will result in increasing their competitiveness and organizational performance. Also, competitive advantage can have a direct, positive impact on organizational performance. The results indicate that higher levels of inventory management practice can lead to an enhanced competitive advantage and improved organizational performance. Data for the study were collected from 188 micro and small enterprises (MSEs) operating in the manufacturing sub-sector and the relationships and hypothesis proposed in the conceptual framework were tested using structural equation modeling (SEM). This study aimed to empirically examine the impact of inventory management practice on firms’ competitiveness and organizational performance.
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