System development life cycle models are employed for the development of various systems and inventory management system also follows the same development life cycle. Inventory management is very fundamental for various businesses which include the Point of sales and product delivery to customers. A retail business like the Fresco Pvt Ltd relies on the common inventory for the working of three of its offices in diverse locations. A well developed and designed inventory system will offer the organization an efficient way of controlling its stocks. This report will evaluate the applicability of various system development life cycle models to select the most optimum model for the needs of Fresco Pvt Ltd.