The agent collaborates with sales and operations teams to forecast product demand accurately. This helps in determining the right inventory levels to meet customer demands without overstocking.

The agent establishes reorder points and safety stock levels for each product to trigger timely reordering and prevent stockouts during unforeseen demand spikes.

The agent communicates with suppliers to place timely orders and track the status of incoming shipments to maintain a steady supply of inventory.

The agent considers lead times from suppliers when placing orders to ensure that new stock arrives just as existing inventory is depleted.

The agent implements JIT inventory management strategies to reduce carrying costs by ordering inventory only when needed.

The agent uses the ABC analysis technique to categorize inventory items based on their importance and value, focusing on high-value items that require closer monitoring.

The agent conducts periodic inventory audits to reconcile physical stock with recorded inventory levels, identifying and addressing discrepancies.

The agent identifies and addresses obsolete or slow-moving inventory, implementing strategies such as discounts or returns to suppliers.

For perishable or time-sensitive items, the agent ensures proper stock rotation to minimize wastage and product expiry.

The agent seeks cost-effective sourcing strategies to optimize inventory costs while maintaining quality.

The agent collaborates with the warehouse team to optimize storage and handling of inventory for efficient picking and packing.

The agent uses data analytics to identify trends, seasonality, and patterns in demand to make informed inventory decisions.