Research On Inventory Management Optimization Of Z Pesticide Company Based On Product Demand Forecast

In the increasingly competitive market environment,enterprises must continuously enhance their core competitiveness in order to achieve sustainable and healthy development.The optimization and innovation of supply chain management is one of the necessary means to improve the core competitiveness of enterprises.Inventory management,as a core component of supply chain management,plays a crucial role in the balance of supply and demand of enterprises.How to achieve a high level of customer service while maintaining an optimal inventory level is the goal of inventory management optimization and the purpose of this study.Z Pesticide Company,as a domestic enterprise with high sales of pesticide formulations,still has many problems in inventory management.This article adopts measures such as optimizing product demand forecasting,supplemented by differentiated inventory strategies,standardized setting of safety inventory,effective control of product specifications,and effective utilization of digital information tools to jointly achieve inventory management optimization.In response to the frequent product regulations and seasonal demand in the pesticide industry,differentiated demand forecasting methods were used to classify products based on their historical sales time.Qualitative forecasting methods were continued for products with less than two years of historical sales time,and seasonal index level methods were used for products with more than two years of historical sales time,significantly improving the accuracy of product demand forecasting.Based on the importance of the product and the historical demand,a differentiated inventory strategy is adopted.Key products adopt a demand prediction plus safety stock inventory strategy.General products with high historical demand adopt a production based on prediction inventory strategy,while general products with low historical demand adopt a production based on order inventory strategy.The optimization of inventory management ensures timely and sufficient supply of key products,while also reducing the risk of stagnant inventory for general products with low historical demand,making the supply and demand relationship of Z Pesticide Company more balanced.