Inventory Planning vs. Inventory Optimization: What’s the Difference?
ToolsGroup
FEBRUARY 23, 2021
What’s the difference between traditional inventory planning and inventory optimization? Anyone can come up with a plan. The real challenge is making sure it’s a good plan. Optimizing your inventory is a different beast than simply planning your inventory. If my time in supply chain planning has taught me anything, it is that most companies are carrying far more inventory than they actually need to meet their service level targets.
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