The Grandiose Hotel, a reputable establishment with a high customer turnover, has been facing challenges with its inventory management, leading to noticeable shrinkage. As the newly appointed Inventory Manager, you've observed the following issues:

Frequent Stockouts: The housekeeping department frequently runs out of essential supplies like toiletries and linens, leading to guest complaints and rush orders at a premium cost.

Overstocking: Conversely, the food and beverage department has an overabundance of certain perishable goods, resulting in waste and increased disposal costs.

Unexplained Discrepancies: Regular audits reveal consistent discrepancies in inventory records, especially in the high$-$value alcohol stocks in the bar, suggesting potential theft or mishandling.

Administrative Errors: The inventory tracking system is outdated, and manual data entry errors are common, leading to incorrect stock level information.

Lack of Accountability: There is no clear responsibility assigned for inventory tracking across departments, leading to a blame game when issues arise. give me a discussion on this