Inventory and Demand Forecasting: Guest Posts

Data Driven Planning, Demand forecasting and inventory optimization

Inventory Planning Becomes More Interesting

Inventory Planning Becomes More Interesting

Just-In-Time (JIT) ensures that a manufacturer produces only the necessary amount, and many companies ignore the risks inherent in reducing inventories. Combined with increased globalization and new risks of supply interruption, stock-outs have abounded. So how can you execute a real-world plan for JIT inventory amidst all this risk and uncertainty? The foundation of your response is your corporate data. Uncertainty has two sources: supply and demand. You need the facts for both.

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Backing into Safety Stock is the Safe Play

Backing into Safety Stock is the Safe Play

Safety stock is a critical component in any system of inventory management. Indeed, some inventory software treats safety stock as the key decision variable in the quest to balance inventory cost against item availability. Unfortunately, that approach is not the best way to strike the balance.

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Recent Posts

  • Inventory Planning for Manufacturers SOFTWARE Forecasting.A Beginner’s Guide to Downtime and What to Do about It
    If you manufacture things for sale, you need machines to make those things. If your machines are up and running, you have a fighting chance to make money. If your machines are down, you lose opportunities to make money. […]
  • Multiechelon software inventory management animatedAn Example of Simulation-Based Multiechelon Inventory Optimization
    Managing the inventory across multiple facilities arrayed in multiple echelons can be a huge challenge for any company. The complexity arises from the interactions among the echelons, with demands at the lower levels bubbling up and any shortages at the higher levels cascading down. […]