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main objectives of firms are to boost productivity with fewer resources while also
enhancing quality (Nsikan, Etim & Uduak, 2015). There are a number of methods that
enable a firm to accomplish these objectives; however, the key and usually “hidden”
supervision and control of the ordering, storage, as well as use of components that a
firm used in the process of producing items it sold over and above supervision and
inventory of a firm is one of its chief resources and embodies a venture that is tied up till
the article is sold or used in producing the final merchandise. Furthermore, it costs
mismanaged, are likely to create considerable financial problems for a firm, whether the
that guarantees items are available the moment they are in need in addition to keeping
the track of existing inventories and their use. Senior management’s concern is
managing inventory levels because the impact of changing the inventory management
Citimart is an establishment wherein its preliminary and most important goal is to give
the highest service to its customers and clients. Believing that the customer is the most
important factor that affects the operations of the business, his satisfaction has been
and will always be the first and foremost priority above all..
Poor inventory management had become an issue of great concern since performance
executing and controlling a supply chain network which is critical to business success.
inventories.
The objectives of inventory reduction and minimization are more easily accomplished
with modern inventory management processes that are working effectively for improved
performance. The inventory management is much more complex than the initiated
understood. In fact, in soft drinks industry the inventory control department is perceived
as little more than a clerical function as it is probably not very effective. The result of this
and poor customer service (Briers, 1995). Too much inventory and not enough
customer service are very common, but unnecessary. There are proven techniques that
can help accurately industry customer demand and to calculate the inventory needed to
meet defined level of customer service. Using the right techniques for sales forecasting
and inventory management help to monitor changes and respond to alerts when action
needs to be taken. The right approach to inventory management can produce dramatic
Modern inventory management in retail out lets industry utilize new and more refined
service with decreased inventory and lower costs. These improved approaches to
highest level of customer service and delivered value can favorably impact market