Designing a Financial Planning Framework for Managing SLOB and Write-Off Risk in Fast-Moving Consumer Goods (FMCG)

@article{1709016,
      author = {John Oluwaseun Olajide, Bisayo Oluwatosin Otokiti, Sharon Nwani, Adebanji Samuel Ogunmokun, Bolaji Iyanu Adekunle; Joyce Efekpogua Fiemotongha},
      title = {Designing a Financial Planning Framework for Managing SLOB and Write-Off Risk in Fast-Moving Consumer Goods (FMCG)},
      journal = {Iconic Research And Engineering Journals},
      year = {2020},
      volume = {4},
      number = {4},
      pages = {259-266},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1709016.pdf},
      abstract = {Managing Slow-Moving and Obsolete Inventory (SLOB) and write-off risks poses significant financial challenges for Fast-Moving Consumer Goods (FMCG) companies due to their high-volume, rapid turnover nature. This paper presents a comprehensive financial planning framework designed to address these risks by integrating inventory management practices with financial risk assessment and mitigation strategies. Utilizing a mixed methods research design, the study combines quantitative analysis of inventory and financial data with qualitative insights from industry experts to develop a practical, adaptable framework. Key components include systematic identification and categorization of SLOB items, using financial metrics and KPIs for ongoing risk monitoring, and implementing targeted inventory optimization and write-off prevention techniques. The framework further emphasizes seamless integration into existing financial planning cycles and continuous improvement through real-time monitoring and feedback. Practical implications for FMCG firms highlight improved financial decision-making, reduced capital lockup, and enhanced operational resilience. Finally, the paper outlines future research opportunities including the application of advanced analytics and customization for diverse market contexts. This framework offers a robust tool for FMCG companies aiming to manage inventory risks and safeguard financial performance proactively.},
      keywords = {Slow-Moving and Obsolete Inventory (SLOB), Write-Off Risk, Financial Planning Framework, Inventory Management, Fast-Moving Consumer Goods (FMCG), Risk Mitigation Strategies},
      month = {October},
  }