Every supply chain planner’s goal is to provide the highest degree of customer service while reducing inventory in the supply chain network. High customer service translates to more business for the organization, and low inventory costs mean increased working capital. Supply chain planners may struggle to balance both, but good inventory planning software would help
Join us as we discuss how to use inventory or supply planning to properly calculate and project future inventory taking into consideration capacity constraints.
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
In the simplest inventory situation, the only variability is in the quantity of demand for a single day. There is no trend up or down or seasonal effect. The demand today is independent of the demand for tomorrow. Additionally, we will assume replenishment time is zero. That is when we place an order for additional