A system and method for optimizing management of inventory data is provided. A set of variables required for operating an inventory is determined. The set of variables represents one or more parameters associated with stock maintenance data of items present in the inventory. Further, a set of actionable variables from the set of variables is determined based on ranking two or more pre-determined variables from a set of pre-determined variables with respect to one or more target variables. The set of actionable variables represents one or more variables from the ranked variables. Lastly, a correlation is computed between the inventory stock maintenance data and the set of actionable variables based on an optimization model. The optimization model is trained and generated based on the set of actionable variables.