CASE STUDY: STREAMLINING INVENTORY MANAGEMENT AT X FACTOR RETAIL

Introduction

X FACTOR Retail is a growing retail company that operates a chain of $5$ small stores across various locations in north Georgia. The company is currently facing challenges with its inventory management system, resulting in inefficiencies, increased costs, and customer dissatisfaction. Presently, the company has been managing inventory using emails, MS Excel, and Intuit Quickbooks $($when the store managers remember to use it$).$ As the company grows, this is no longer sustainable to support the company growth. This year, the July $4$th holiday sales exposed how bad X FACTOR$$s inventory management was, they engaged your company to help them. They need a better system to start the year in January $2024.$ Thus, as a business systems consultant for The Grizzly Gearheads Corp., you have been tasked with analyzing the situation and proposing a solution to streamline inventory management at X FACTOR Retail.