Enhancing Inventory Control: Approaches for Managing Perishable Goods with Time-Sensitive Demand

Abstract

Efficient stock control is vital for companies handling perishable products that degrade over time. This paper investigates inventory frameworks that accommodate fluctuating demand tied to time, pricing variations, and item perishability. Drawing on a synthesis of research by Sharma and associates spanning 2015 to 2024, it explores methods to streamline stock levels, cut costs, and boost supply chain performance. Key tactics such as adaptive pricing, partial backordering, and demand prediction are emphasized as critical to effective inventory systems. The study offers practical insights for retailers, producers, and logistics professionals while suggesting avenues for further exploration.