Inventory optimization is a strategic process of managing and controlling the flow of goods and materials within a business. It aims to strike a balance between maintaining sufficient inventory to meet customer demand and minimizing excess stock that ties up
In the contemporary business landscape, efficient inventory management is essential for organizational success. Enterprise Resource Planning (ERP) systems have become indispensable tools for companies seeking to optimize their inventory management processes. These solutions integrate various business functions, including inventory, sales,
Inventory shrinkage is a critical issue affecting businesses across various sectors and sizes. It occurs when inventory is lost between receipt and sale, due to factors such as theft, damage, administrative errors, or supplier fraud. The National Retail Federation reported