Inventory Management Models are a set of tools and strategies used to optimize the ordering, stocking, and maintenance of inventory within an organization. In order to maximize efficiency and customer service while minimizing costs, businesses must implement an effective inventory management model. These models can include forecasting demand, setting accurate reorder points, analyzing product turnover, tracking inventory levels, and optimizing order quantities. By utilizing these principles and models, companies can ensure that they have enough stock to meet customer demands without having large amounts of excess inventory sitting on shelves.