Method And System For Managing An Inventory At A Target Location In A Warehouse

Abstract: The present disclosure relates to a method and system for managing inventory. The method comprises identifying attributes of a set of SKUs; grouping SKUs based on the attributes; identifying a range of days on hand (DoH) for keeping the SKU group at a target location; generating a forecast file for each SKU from the SKU group based on a moving average; determining number of said each SKU required to be kept at the target location for DoH from the range of DoH based on the forecast file; determining a variance in a target cost based on the number of said each SKU; optimizing the target cost based on the variance; and managing the inventory based on the optimized target cost. [FIG. 2]

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