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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

Abstract Economic order quantity (EOQ) concerns the most cost-efficient method of ordering stock. The objective is to find the order quantity that minimizes the total inventory holding costs and ordering costs. Holding costs (otherwise known as carrying costs) are the costs to store the inventory and include the storage space, rent, deterioration, obsolescence, property tax, insurance, etc. Obviously, the more inventory ordered, the higher the holding costs will be. Ordering costs are the costs that arise every time inventory is ordered. Ordering costs include the costs of creating a purchase order, processing an order, receiving and inspecting orders, etc. Note that the actual price of the items is not included in ordering costs. No matter what size the order is, ordering costs will be incurred with every order; the more orders placed, the higher the ordering costs will be. The Economic Order Quantity is a set point designed to help companies minimize the cost of ordering