Inventory Management

Inventory Management

 Inventory Management is the practice of managing inventory, logistics, and holding costs to name a few. The Home Depot uses inventory tracking software in order to track inventory. This software also allows management to set re ordering points, so when inventory falls below a certain point it is automatically re-ordered. The Home Depot also uses historical sales data to anticipate when high volumes of a certain item will be needed.

Project Sync

In 2015 The Home Depot implemented Project Sync which was meant to optimize the way consumers received their merchandise. There were three RDC (rapid deployment centers) that opened close to high volume areas that were able to house the majority of their inventory. These centers were able to send out thousands of trucks each year and keep the surrounding stores fully stocked.