While working with various optimization models, I often encountered situations where the supply chain optimization model would make decisions to produce items even when there was no demand. This blog discusses different scenarios that led to the optimization models producing and storing excess inventory.
Striking the balance between overstocking and understocking should not always be a guessing game.
Wondering how inventory is modeled in supply chain planning systems? Here's what you need to know.
Optimize: To make as perfect, effective, or functional as possible For many companies, the term “inventory optimization” has become more of a catch phrase than an actual reality. The idea of cutting inventory costs while maintaining the same level of customer service is rather elusive. Yet, almost all manufacturing businesses would agree that unlocking inventory