Strategic Inventory Control for Deteriorating Products under Time-Sensitive Demand

Efficient management of inventory is essential for businesses handling perishable or time-sensitive products. This study delves into advanced inventory models incorporating time-varying demand, pricing dynamics, and product deterioration. Drawing on a comprehensive review of research conducted by A. Sharma and collaborators between 2016 and 2024, the article presents strategic approaches to optimize inventory levels, reduce operational costs, and enhance overall supply chain performance. It emphasizes the role of dynamic pricing mechanisms, partial backordering, and accurate demand forecasting in developing responsive inventory control systems. The findings offer valuable insights for retailers, manufacturers, and logistics professionals while outlining promising avenues for future research in this evolving domain.