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Eight Tips from the Experts for a Winning Holistic Inventory Optimization Strategy

EBook: Eight Tips from the Experts for a Winning Holistic Inventory Optimization Strategy

The importance of inventory optimization can’t be understated. Too much inventory and you tie up needed working capital and floor space and raise handling costs. Too little inventory and service levels suffer, and you lose sales. As easy as the concept is to grasp, optimizing inventory levels so you have just the right amounts in just the right places is not-so-easy to do. We invited four of our customer “inventory gurus” to provide their advice for using inventory optimization to find the level that is “just right”.

In this ebook you’ll read about these top tips from our customers:

  1. Focus on balancing service and cost
  2. Get feedback from the right people
  3. Remember to think about the impact to the customer
  4. Collaborate with suppliers too
  5. Automate!
  6. Use KPIs to stay on track
  7. Issues can turn into opportunities
  8. Inventory optimizations should be part of your strategic plan

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