Optimizing Inventory Is About Improving Service While Lowering Inventory. Wait, What?
ToolsGroup
OCTOBER 20, 2020
Equally mystifying to people is the concept of inventory optimization. I explain to people that if they’re getting this process right, overall service levels should go up by 3-5% as overall inventory levels decrease by 15-30%. – Don’t you have to raise inventory levels to guarantee service levels?” Wait, what?
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