Inventory Management Optimization for R&D and Production

Blue Beautylab Inc. is seeking to streamline its inventory process to better track and update inventory for both R&D and production purposes. The current system lacks efficiency and does not accurately reflect costs associated with inventory usage. The goal of this project is to develop a more effective inventory management system that integrates seamlessly with both R&D and production workflows. This will involve analyzing the current inventory process, identifying bottlenecks and inefficiencies, and proposing a solution that improves tracking accuracy and cost reflection. The project will provide an opportunity for learners to apply their knowledge in supply chain management, data analysis, and software integration. Key points: - Analyze current inventory management process - Identify inefficiencies and bottlenecks - Propose a streamlined solution - Integrate the solution with existing workflows