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Supply chain excellence is largely determined by how
supply, production, and distribution network is configured and
managed, where it positions its inventory, and what inventory
stocking strategies have been implemented. Inventory
optimization is the discipline of continuously managing
inventory policies to optimize supply chain performance against
business objectives, changing market conditions, risks, and
supply chain constraints. These policies include what
inventories to carry, where, in what form, and how much across
the procurement, manufacturing, and distribution network.
Key capabilities of WHIZTEC Inventory Optimization solution
can include:
- Tracking and analysis of transaction, customer buying
patterns, and inventory performance
- Multi-dimensional ABC segmentation by demand patterns and
volumes, service criticality, product structure and life
cycles, lead times, competitive positioning, or custom
attributes
- Best inventory policy determination for each SKU at each
location it will be stocked
- Multi-stage inventory and postponement optimization
- Easy composition and analysis of "what-if"
scenarios
- Actual performance monitoring for continuous learning and
process improvement
- Rapid integration through services-based architecture
- Rich and easily extensible library of packaged metrics,
KPIs, and reports
Benefits of WHIZTEC Inventory Optimization solution can
include:
- Reduced inventory levels, expediting, and overall
logistics costs
- Increased service-level performance and customer
satisfaction
- Improved asset utilization and inventory turns
- Improved inventory performance
- Improved product availability while reducing carrying
costs, risks, and cash-to-cash cycles
If you are looking for inventory optimization solutions, please contact sales@whiztec.com.
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