A Smart Inventory Management System with Forecasting Technique Applied to Efficiently Handle Industrial Asset
Journal Title: American Journal of Environmental Economics - Year 2023, Vol 2, Issue 2
Abstract
Managing inventory has become increasingly complex and intriguing in today’s business landscape. Companies are striving to optimize their warehousing while balancing various costs. As a result, inventory management is crucial to maintain product quality and meeting customer demands. This paper outlines an effective inventory management system that incorporates demand forecasting to prevent the issues of overstocking or understocking. Furthermore, a performance analysis illustrates how the inventory management system has become essential to the industry sector.
Authors and Affiliations
Mosaddek Hasan Chowdhury Tasfia Ahmed Md. Bayazid Rahman A. H. M. Saiful Islam
Keywords
Related Articles
- EP ID EP723232
- DOI https://doi.org/10.54536/ajise.v2i2.1384
- Views 61
- Downloads 0
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