Inventory Management System Improvement

Student: zentsova karina

Faculty: Faculty of Management

Educational Programme: Business Administration (Bachelor)

Year of Graduation: 2024

This work is dedicated to the research and analysis of inventory management for the efficient functioning of an industrial plant's warehouse. It explores the strategies, approaches, and tools used in inventory management and their impact on various aspects of the business. The research methods employed include conducting a strategic session, semi-structured interviews with the employees of the organization, as well as a subsequent in-depth analysis of the inventory using ABC-XYZ analyses. As a result, the economic benefits were calculated, indicating the feasibility of implementing changes for one of the priority inventory positions. Furthermore, a general warehouse inventory management guide for the factory was formulated. The findings of this study can be valuable for organizations aiming to enhance their inventory management practices, improve efficiency, and remain competitive in an ever-evolving business environment.

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