Stock and Inventory Management Practices Essay Example for Free

Stock and Inventory Management Practices Essay Intuiting The researcher become totally immersed in the phenomenon into the lived experiences of the clients with regard to the inventory and supply management system of convenience store. The researcher has come to know about the phenomenon as described by the participants through the use of in depth interview. The researchers will avoid giving their criticism, evaluation or opinion and pays strict attention to the phenomenon under investigation as it as be described at the initial stage Analyzing In the second step of this phenomenological analyzing, the researcher will be involved in identifying the essence of the phenomenon under investigation based on data that was obtained and how the data are presented. They will  distinguish the phenomenon with regard to elements on constituents, and explored the relationship and connections with adjacent phenomena (ibid). Describing In this kind of phenomenological describing, the researchers describe the operation to communicate and bring written and verbal description distinct, critical elements of the phenomenon. They came up with the description based on the classification or grouping of the phenomenon. They avoid attempting to describe a phenomenon prematurely so as to make sure that they would not be committed methodological error  Co-Researchers of the Study It is necessary for a phenomenological researcher utilizing the interview method to seek out participants who not only have had the particular experience being investigated but also are able to articulate their experience. It should be remembered that the phenomenological researcher is seeking to illuminate human phenomena and not, in the strictest sense to generalize the findings. Therefore randomness, or participants unable to articulate the experience, might,in fact, keep the researcher from fully investigating the phenomenon in the depthful manner necessary, hence participants are chosen by the ability to fully describe the experience being researched. (sunburst.usd.edu) Description of Co-researchers of the Study The co-researchers of this study who are to be chosen by the researcher will be 3 convenience store owners or employees in Quiapo, Metro Manila who are involved in the operation of convenience store for at least three (3) years and have been practicing traditional supply and inventory system and have encountered problems over stock and inventory. Location of the Study The location of this study will be at Quaipo, Street, Metro Manila. The Guiding Framework The analytical procedure is psycho-phenomenological in nature and comprise seven step, inspired by Giorgi (1996) and Vaam Kaam (2000): horizontalization, reduction and elimination, individual and textural-structural description, verification, validation, and synthesis. These seven steps are shown below: [pic] Figure 2 Phenomenological Analysis Process Procedures and Analysis of Data 1. Horizontalization: Reading of the Transcription For the purpose of obtaining an overall picture, the researchers will read the written testimonies of service availing experience. Then each one analyzed the testimonies carefully and deliberately. The units of service availing experience were drawn and were extracted from these transcribed interviews. 2. Elimination and Reduction: Division into Meaning Units Each transcribed testimony of service availing experiences will be read once more, and thereafter was divided into meaning units. A meaning unit is a coherent expression of meaning comprising one or (usually) more sentences. In this process, repetitive words and redundant expressions will be eliminated. 3. Transformation: Clustering and Thematizing Each meaning unit was systematically transform in two steps (first and second transformation), each raising the level of abstraction. In this, bracketing was employed, which is to say that the researcher’s previous knowledge and understanding was excluded. The meaning units is set out as scrupulously as possible and with no intrusion of interpretation. 4. Individual and Textural-Structural Description This step will be used to clarify and elaborate the meaning by relating constituents to each other and to the whole. In this process, the researchers reflect on the themes that were developed, and find overlapping themes which are related to each other. These themes with similar meaning and related construct on criterion were converged as one. In this manner, the very essence of convergent validity was followed in reintegrating related themes as one. 5. Verification In this process, the researchers reflected on the constituents in the concrete language of the participant. They had identified the defining elements for each theme. The defining element was the basic structural unit of the experience. 6. Validation There were two steps in the process of validation. First, the researchers will used inter subjective validation. This was done after the interview is transcribed, and brings it back to their co-researchers to validate if the transcription is connecting in the arrangement/structure and content. The second step was the presentation of the result of the findings of the study to their co-researchers to find out if the results of the study do in fact reflect their service availing experiences. The transcription was based on the interview which used high efficient voice recording device. Transcription Standard The interview will be transcribed meticulously with the use of an earphone that is attached to the voice recording device. The technique that will be used is â€Å"listen to the voice in one or two sentences pause to write the lines heard from the audiotape and play continue†. This technique will be used to make sure that accurate verbatim expressions are written accurately including sounds of laughter, coughing, and other distinct sounds that will be recorded by the machine/voice recording device. 7. Synthesis In this process, the researchers integrated their insight and reflection on the synthesis or composite structure of the experience through a descriptive structure of its meaning. Base on the insight, they will expound on the meaning of the themes based on the narrative story of their co-researchers. Each theme will be supported and substantiated by a description of the experience, and interpreted in the light of the insights they had inferred from the experienced and through the existing review of relevant literature and studies. Guide Questions: 1. What are the types of inventories that you keep? 2. How do you determine the inventories that you will keep? 3. Can you share with us your practices related with your inventories? (general) 4. Can you share with us your practices in purchasing your inventories? 5. How do you determine the timing of inventory purchase? 6. Can you share with us your practices in storing and organizing your inventories? 7. Can you share with us your practices in keeping your inventories safe and secure? 8. Can you share with us your practices in selling your inventories? 9. How do you establish your selling price? 10. What are the problems that you have encountered in managing your inventories? (general) 11. What are the problems that you have encountered in purchasing inventories? 12. What are the problems that you have  encountered in storing and organizing inventories? 13. What are the problems that you have encountered in securing your inventories? 14. What are the problems that you have encountered in selling your inventories? 15. How did you resolve these problems?