Logistic aspects of inventory management at an industrial enterprise

Abstract

Inventory management is crucial for business efficiency and profitability. Effective inventory management improves operational efficiency and financial strategies. Poor management can lead to financial losses, inventory imbalances, delayed order fulfillment, and customer dissatisfaction. This work examines the fundamentals of inventory management, focusing on goals, methods, and best practices. The main goal is to balance overstocking and inventory shortages by providing sufficient working capital and optimizing costs. The paper discusses various inventory management methods aimed at effective inventory control and management