Inventory strategy in supply chain is an official business definition that is used to manage the stock of goods and services that a company has in its possession. It is a way to optimize the amount of inventory that is held in order to maximize profits while minimizing costs. The inventory strategy is a comprehensive plan that outlines the policies and procedures that a company will use to manage its inventory. It includes the selection of inventory items, the ordering and stocking of those items, the pricing of those items, and the tracking of inventory levels. The inventory strategy also includes the evaluation of the inventory system to ensure that it is working properly and efficiently. By having an effective inventory strategy in place, companies can ensure that they are not overstocking or understocking, and that they are able to provide customers with the products they need in a timely manner. This can help to increase customer satisfaction and improve the overall efficiency of the supply chain.