The primary goal of this project is to analyze and optimize the inventory management system to enhance efficiency, reduce costs, and improve supply chain effectiveness. Students will study the existing processes, identify gaps, and propose data-driven recommendations to streamline inventory operations.
Analyze the current inventory management system at Hero MotoCorp using real-time data and case studies.
Identify bottlenecks and inefficiencies in inventory control, procurement, and warehousing.
Propose data-driven solutions such as improved forecasting models, lean inventory practices, or digital tracking tools.
Recommend cost-saving strategies while ensuring smooth production and distribution.
Provide a roadmap for implementation, considering industry best practices and feasibility.
Understanding the Existing Inventory Management System
