The document discusses inventory management, emphasizing its importance in optimizing resources and meeting customer demands. It covers key strategies, types of inventory, and various control systems, including technology such as RFID and barcode systems. The presentation concludes with a recap of the significance of effective inventory management and an invitation for questions on the topic.

1. INVENTORY
MANAGEMENT

2. AGENDA
• INTRO
• DEFINATION, OBJECTIVES AND
IMPORTANCE
• TYPES OF INVENTORY
• INVENTORY CONTROL SYSTEM
• STRATEGIES
• INVENTORY MANAGEMENT
SOFTWARES
• RECAP POINTS, IMPORTANCE, Q&A

3. INTRODUCTION
Inventory Management is crucial for businesses to optimize resources and
meet customer demands efficiently. This presentation explores key
strategies for effective inventory control, including JIT, EOQ, and inventory
forecasting methods. Discover how implementing these strategies can
enhance operational efficiency, reduce costs, and improve overall business
performance.

4. 01 - DEFINITION
02 - IMPORTANCE
03 - OBJECTIVE OF
THE PRESENTATION
it involves overseeing and controlling the flow of goods
from procurement to consumption, aiming to ensure the
right quantity of products is available at the right time while
minimizing costs.
Vital for streamlining production, ensuring timely deliveries,
reducing stockouts, and maximizing profitability in supply
chain management.
To elucidate strategies for optimizing inventory, enhancing
operational efficiency, and achieving cost-effective
inventory management solutions for business success.

5. TYPES OF INVENTORY
RAW MATERIALS
WORK IN
PROGRESS
FINISHED GOODS MAINTENANCE,
REPAIR, AND
OPERATIONS
1 2 3 4

6. INVENTORY CONTROL SYSTEMS
PERIODIC
INVENTORY SYSTEM
PERPETUAL
INVENTORY SYSTEM
BARCODE SYSTEMS
These systems, like perpetual and periodic inventory methods, utilize technology such as RFID and
barcodes to monitor stock levels, track movements, and facilitate efficient inventory management across
operations.
Manual method where inventory counts occur at specific intervals
rather than continuously, suitable for smaller businesses.
Real-time tracking of inventory levels through continuous updates,
enabling accurate stock monitoring, sales tracking, and timely
replenishment.
Utilize unique codes to track and manage inventory, improving
accuracy, efficiency, and inventory control in various business
operations.
RFID TECHNOLOGY
RFID (Radio Frequency Identification) enables automated tracking of
inventory items, enhancing accuracy, efficiency, and visibility
throughout the supply chain.

7. 1
2
3
STRATEGIES FOR EFFECTIVE
INVENTORY MANAGEMENT
CROSS-FUNCTIONAL COLLABORATION
Cooperation among departments to align inventory management
with production, sales, and procurement, ensuring seamless
operations and customer satisfaction.
CONTINUOUS IMPROVEMENT
PERFORMANCE METRICS
Quantitative measures like inventory turnover, fill rate, and days
sales outstanding used to evaluate inventory management
effectiveness.
Iterative process of enhancing operations by consistently
identifying, analyzing, and implementing incremental changes to
achieve excellence and efficiency.

8. INVENTORY
MANAGEMENT
SOFTWARE

9. RECAP OF KEY POINTS
• Defined inventory management as optimizing stock levels to meet demand while
minimizing costs.
• Explored inventory management software catering to diverse user needs.
IMPORTANCE OF EFFECTIVE
INVENTORY MANAGEMENT
Q&A
• Crucial for streamlining operations, reducing costs, and meeting customer demands.
• Enhances efficiency, minimizes stockouts, and improves profitability.
• Address any queries on inventory management strategies, software selection, or
implementation challenges.
• Encourage further discussion on optimizing inventory control for business success.

10. THANK YOU