Inventory strategy isn’t as simple as deciding what your safety stock will be. There are many complex decisions that need to be made in order to create the optimal inventory strategy. Most companies are trying to achieve two things with an inventory strategy: service improvement and reduction in on-hand inventory/working capital. It’s often difficult and sometimes impossible to do both simultaneously.
In this ebook learn about some of today’s biggest inventory challenges and new approaches to achieve holistic inventory optimization for “right-sized” inventory levels including:
• Understanding demand patterns and variability
• The benefits of testing your inventory results with simulation technology
• Tips for choosing the right technology partners to support your inventory strategy