Inventory Design

Inventory design involves planning how a business organizes and manages its stock of goods. It aims to determine the right quantity and variety of products to keep on hand so that customer demand is met without excessive surplus. Good inventory design balances costs, storage space, and service levels, ensuring products are available when needed while minimizing waste and holding costs. It considers factors like demand patterns, lead times for restocking, and storage capabilities to create an efficient system that supports smooth operations and profitability.