Knowledge Solution

In today's fast-paced and interconnected world, managing a global supply chain has become increasingly complex. Companies strive to maintain the right balance between capital investment and service-level goals across multiple Stock Keeping Units (SKUs). Global Supply Chain Inventory Optimization is the practice that addresses this challenge, focusing on maintaining the most ideal level of inventory while considering the volatility, risks, and probable disruptions inherent in the supply chain. The Importance of Inventory Optimization Inventory optimization is crucial for several reasons. Firstly, holding too much inventory ties up capital that could be used elsewhere in the business. On the other hand, holding too little inventory can lead to stockouts, resulting in lost sales and dissatisfied customers. Achieving the right balance ensures that companies can meet customer demand without over-investing in stock. Key Components of Inventory Optimization Demand Forecasting : A...