Analysis of Strategies to Improve Inventory Management Efficiency in the Face of Currency Devaluation and Disruptions in the Supply Chain
ABSTRACT Inventory management was a crucial aspect that improves operational efficiency and ensures client satisfaction incontemporary businesses. This study thoroughly investigates inventory management, including its theoreticalfoundations, practical consequences, and current advancements. It specifically addressed the difficulties caused bycurrency depreciation and interruptions in the supply chain. This paper examined the various effects of currencydevaluation and supply chain disruptions on inventory management performance by thoroughly analysing existingliterature and empirical data. It also identified important techniques for reducing the negative effects of these issues.The study highlighted the negative impact of currency depreciation on inventory costs and profitability, particularlyfor companies that significantly depend on imports. Similarly, disturbances in the distribution network, caused bynatural disasters, geopolitical instability, or pandemics, worsen the weaknesses of inventory management systems,resulting in inefficiencies and below-optimal performance. To tackle these difficulties, the research recommendsusing adaptive inventory management systems that include risk assessment models, demand forecasting approaches,and agile replenishment strategies. Furthermore, the integration of cutting-edge technologies like artificialintelligence and blockchain shows the potential to improve the visibility of inventories, increase the accuracy ofdemand forecasts, and strengthen the resilience of the supply chain. Moreover, sustainability plays a crucial role ininventory management techniques, providing opportunities to strengthen resilience and mitigate environmentalthreats. Businesses may strengthen their supply networks and minimise the negative impacts of currencydevaluation and supply chain interruptions by adopting sustainable sourcing methods, implementing wastereduction programmes, and using environmentally friendly transportation. This article presented a completemethodology for enhancing inventory management efficiency in the face of currency depreciation and interruptionsin the supply chain, based on current research and industry experiences. To navigate market uncertainties, enhanceoperational agility, and sustain competitiveness in the global marketplace, businesses can achieve these goals byprioritising accurate demand forecasting, fostering collaborative relationships with suppliers, implementingstrategies for optimising inventory, and leveraging advanced technologies.Keywords: Inventory management, Operational efficacy, Customer satisfaction, Currency depreciation, Supplychain interruptions.