ISSN : 2583-2646

Inventory Optimization Strategies in High-Value, Fast-Moving Industrial Goods

ESP Journal of Engineering & Technology Advancements
© 2026 by ESP JETA
Volume 6  Issue 2
Year of Publication : 2026
Authors : Gowtham Ramakrishnan, Achyutha Mohan
:10.5281/zenodo.19674708

Citation:

Gowtham Ramakrishnan, Achyutha Mohan, 2026. "Inventory Optimization Strategies in High-Value, Fast-Moving Industrial Goods", ESP Journal of Engineering & Technology Advancements  6(2): 30-36.

Abstract:

Industrial products that have a high value and are moving fast are difficult to handle because they are highly priced, come and go, and the supply chain procedures are complex. The review is a comprehensive description of numerous optimization approaches that can be employed to attain improved inventory performance, cost reduction, and agility. It is concerned with changing the inventory practices to the strategic business goals, enhancing the performance of the warehouse with the best-known practices, and applying the latest technologies, including the big data analytics and machine learning to predict the demand. Combination of financial measures, mobile phones, and the combined supply chain models, are also listed as the enablers of the effective inventory management.

References:

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Keywords:

Industrial products that have a high value and are moving fast are difficult to handle because they are highly priced, come and go, and the supply chain procedures are complex. The review is a comprehensive description of numerous optimization approaches that can be employed to attain improved inventory performance, cost reduction, and agility. It is concerned with changing the inventory practices to the strategic business goals, enhancing the performance of the warehouse with the best-known practices, and applying the latest technologies, including the big data analytics and machine learning to predict the demand. Combination of financial measures, mobile phones, and the combined supply chain models, are also listed as the enablers of the effective inventory management.