The Impact of Information Technology on Inventory Management in Retail Super Stores in Bangladesh

Abstract

The retail super store in Bangladesh implement the Information Technology to maintain the inventory management play as an important tool for the purpose of enhancing the efficiency of supply chain management practices and product availability. In the super store such as Shawpno, Agora, Unimart, Meena Bazar, Daily Shopping, super stores availability of the products and choices in the selection of inventory for daily consumption and future maintain inventory. Superstores in the retail industry improved information technology with the aid of media and social media, which also gave people awareness for a significant market share. There is a higher demand for these systems in Bangladesh as a result of the fact that modern retail enterprises need improved information technology for effective operation and management using systems like Point of Sale (POS), Retail Management Systems (RMS), and retail inventory management systems. The research paper recommends that in the retail super stores in Bangladesh environment lot of amount invent in the information technologies for the purpose of integrates their supply chain management approach in terms of inventory management efficiency performance and availability of the products. This study aimed to investigate the possibilities of information technology (IT) based systems for inventory control in Bangladesh's retail giant industries. To find answers to the research objectives, formal surveys and interviews were used in the study. Inventory management uses information technology as a tool to increase efficiency and cut costs. While some supermarkets have successfully used IT for inventory management, others have not. The goal of the study was to ascertain how information technology was affecting inventory control in Dhaka's supermarkets. The study's goals were to quantify the extent to which IT systems are utilized for inventory control in Dhaka's supermarkets and to assess the effect of IT utilization on inventory control efficiency.