Beacon Lighting Group Limited faces issues with inventory management due to poor forecasting of customer demand, experimentation with pricing, and inefficient liquidation of obsolete stock. To resolve these issues, solutions such as categorizing inventory by using ABC analysis, implementing First-In First-Out (FIFO) method, establishing inventory KPIs, and optimizing the rate of inventory turnover are proposed. An efficiency evaluation table is provided to evaluate these solutions based on factors such as investment, expected return on investment, time required for implementation, cost of implementation, potential risks, and success rates.