How to Carry Out Effective Stock Replenishment? Unlock Profitability Ensuring Smooth Flow of Material Supply !!
Abstract Stock replenishment is the process of ordering and allocating inventory to replace missing products on store shelves . Replenishing stock is a key facet of inventory management which helps to balance inventory levels during a selling period. Stock replenishment is the movement of inventory throughout the supply chain to meet customer demand. Its goal is to keep products flowing and balance the costs and risks associated with inventory levels . Inefficient replenishment can cause significant sales losses or excessive costs. Replenishment is a complex process that must consider numerous factors. It requires accurate demand planning that anticipates what inventory is going to be needed, where it will be needed and when it must be there. Many organizations now turn to advanced algorithms and predictive analytics based on historical data to project future demand. Keywords Stock replenishment, Inventory, Future Demand, Demand Planning, Learning Outcomes After undergo