inventory & warehouse management

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Inventory & Warehouse Management

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PROBLEM & RECOGNITION

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Inventory & Warehouse ManagementPROBLEMS FACEDHigh Inventory of finished goods. Low Inventory Turnover Ratio.

Clumsy Layout of Retail Store. SolutionTo lower the inventory of finished goods one should build to order & should use the scale model of the product for display purpose in the store. This would lower the working capital involved in the process. The inventory turnover Ratio was low because a particular products high no of pieces were maintained. Instead the inventory should be according to order as the retailer had supplier from Pune itself.The Scale model of the products would help rearrangement of the store layout so a wide variety of the products could be displayed as the size of the retail store was not very large.