$1.$ Identify items: identify items $($a minimum of three items$)$ that require an inventory management system to improve business performance.

$2.$ Conduct cost analysis: conduct a coherent cost analysis and suggest an inventory management system of those items in the businesses.

$3.$ Provide insights: the analysis should provide valuable insights for businesses to make informed decisions regarding:

$$ inventory replenishment$/$order quantity $($EOQ$),$

$$ order cycles, and

$$ re$-$order points.

Ultimately, the goal of this assignment is to assist small$-$scale businesses improve their inventory management practices by addressing inventory$-$related challenges and enhancing their overall operational efficiency and profitability.

Use excel QM software to:

a$)$ Record inventory data

b$)$ Determine the Economic Order Quantity $($EOQ$)$

c$)$ Determine the order cycle times

d$)$ Determine the re$-$order points