Inventory models are an important component of the business world, providing vital information regarding how much product to order and when. Firms use these models to effectively manage their stock while avoiding overstocking or running out of inventory. There are a variety of approaches in inventory model techniques such as forecasting demand, setting safety stocks, and using economic order quantity. By developing an accurate and reliable inventory model, businesses can save time and money by improving inventory control, optimizing supply chain management, and increasing customer satisfaction.