How to Optimize Inventory in the Digital Age
Global supply and demand is affected by such a staggering range of planning variables today that businesses relying on last-century solutions like spreadsheets and ABC Classification stand little chance of being able to meet both service level and financial goals.
If like many manufacturers, distributors and retailers, you face increasing supply chain complexity and demand uncertainty, there’s a better way to optimize inventory. Service-driven inventory optimization is the new and proven way to optimize inventory in the digital age. This ebook, based on hundreds of successful deployments, reveals:
- Why traditional approaches are incapable of meeting today’s long-tail demand complexities
- Why probability forecasting is replacing the traditional ‘one-number’ deterministic forecasting approach
- Important considerations for selecting the right IO solution
- How businesses like yours are slashing inventory and increasing service levels using a service-driven strategy