A Study on Impact of Waste Reduction in Inventory Management

In today’s fast-moving and competitive business world, cutting down waste in inventory management is super important for companies that want to run smoothly and save money. This study looks at how different methods for reducing waste can help improve inventory control systems across various industries. By using smart strategies like lean principles and modern inventory techniques, companies can avoid problems like having too much stock, dealing with expired products, or using storage space badly. These waste issues not only increase costs but also make the entire process less efficient. The research includes real-life examples, a review of existing studies, and different methods used to understand how businesses tackle these challenges. The goal is to show how important it is to use sustainable and cost-effective inventory practices that help organizations stay competitive, efficient, and profitable in the long run. Keywords: Waste Reduction, Inventory Management, Lean Practices, Efficiency, Cost Control, Inventory Optimization, Supply Chain, Logistics