Inventory Management
https://docs.google.com/presentation/d/1oSvGn0Bx1KgNi5WlyPAMV1zx9btzkBCLkv0yW1Xppqo/edit?usp=sharing
The project aimed to explore inventory management strategies that help businesses maintain optimal stock levels, reduce costs, and improve operational efficiency. It also examined different cost factors, inventory tracking methods, and performance measures. Additionally, it analyzed Walmart’s inventory management system, highlighting its use of automation and RFID technology. The project successfully outlined key inventory management strategies, including demand forecasting, Just-In-Time (JIT), and Vendor-Managed Inventory (VMI). It explained how businesses manage costs through holding and ordering expenses while ensuring supply chain efficiency. The Walmart case study demonstrated how advanced technologies like RFID and automated facilities help reduce stockouts, streamline operations, and enhance customer satisfaction.