Operations and Production Management

How to maintain the inventory of a small retail business in a safe and cost-effective way? The main focus of this research is to point out one of the issue faced in the outlets of Look Sharp Store and that is Inventory control management. Look Sharp Store is a fast growing retail chain situated in various regions of Auckland and outside Auckland in New Zealand .The scope of the project lies within five areas, namely the Issues related to Inventory control management, Importance of Inventory control management in small business, Identifying Inventory management software used by small business in New Zealand, Comparing them and find out the best software, and suggest the ways or method to manage inventory in safe and cost-effective way. In this research data is collected in two ways, the primary and secondary research. The primary method include Interview and observation. The secondary research methods included books, Journal article, website, documents, literature Review. For better result, I had interviewed five interviewees from different retail business it include manager and employees, three of them are in small retail business, one large retail business and the other is the manager of Look sharp. During the observation different information about the inventory control in store can be gathered and evaluated. Research conclude that, Look sharps inventory control management and technique are appropriate and the software that they are using is better than the other small retail business. The Inventory control techniques can be compared to the larger retail business. The research put forward the common inventory control management techniques, and software’s used by the small retail business in New Zealand