Propose an inventory management framework or strategy

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Reference no: EM134009798

Problem

Scenario

Kilimani Manufacturing Ltd., a mid-sized FMCG company in Kenya, has been experiencing challenges with its inventory management. Over the past years, the company has reported increased stockouts, excess obsolete stock and frequent discrepancies during stock taking. The company's management suspects inefficiencies in measuring inventory performance, inadequate use of operational research tools, and plan lapse in store security. They have also noted that stock checking procedures are inconsistent across different department, leading to data inaccuracies. As a team of inventory management consultants, you are required to use Analyze, Design, Apply, Predict & Transform (ADAPT) framework to address the challenges. Get the instant assignment help.

Task

Design (D): In one paragraph, Propose an inventory management framework or strategy that incorporate operational research tools and best practices in store security and stock checking. Justify how this design addresses the identified issues.

Reference no: EM134009798

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