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The speaker addresses inventory management issues in the supply room, highlighting discrepancies in inventory levels without clear usage metrics. To initiate improvements, they propose a simple system which includes documenting the month and year when adding supplies. Additionally, they suggest leaving a note on the counter if the last item of a product is taken. The speaker acknowledges that this isn't a comprehensive inventory solution but serves as a starting point to track usage rates. Examples include labeling staples and paper clips with "November 2019" and envelopes with "November 2018," indicating when they were noted rather than acquired.