DefinePK

Abstract

Strategic inventory control plays a pivotal role in enhancing economic stability and operational efficiency in modern economies. This paper explores foundational inventory management theories, including Just-In-Time (JIT), Economic Order Quantity (EOQ), and ABC analysis, highlighting their significance in addressing challenges such as demand variability, supply chain disruptions, and cost optimization. Building on these principles, the paper examines recent innovations in inventory control, including automation, artificial intelligence, blockchain technology, and sustainable practices, which have transformed traditional inventory systems. While these advancements offer significant opportunities—such as long-term cost savings, enhanced resilience, and improved environmental sustainability—they also pose challenges, including high implementation costs, skill gaps, and resistance to change. The paper concludes by emphasizing the necessity of adopting innovative inventory practices to drive economic growth and operational effectiveness. Actionable recommendations are provided for businesses, policymakers, and supply chain stakeholders to overcome barriers and leverage these innovations for a more sustainable and efficient future.
Keywords: Strategic Inventory Control, Economic Stability, Operational Efficiency, Supply Chain Innovations, Sustainable Inventory Practices, Predictive Analytics.