Optimizing Inventory Is About Improving Service While Lowering Inventory. Wait, What?
ToolsGroup
OCTOBER 20, 2020
Optimize. /??pt?m??z/. verb. 1. make the best or most effective use of (a situation or resource). (Oxford Languages). One of the hardest parts of my job is helping customers get to grips with complex, counterintuitive supply chain concepts. Take the “ bullwhip effect ”: a key principle that’s so counterintuitive a “Beer Game” simulation was invented to prove to doubters the extent to which even minor fluctuations in demand can cause chaos upstream.
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