Assessing Inventory Risk With a Multi-Echelon Inventory Optimization System

There are a multitude of issues that can affect a supply chain’s inventory. Anything from supplier issues, faulty machines, transportation issues or inaccurate forecasts can affect inventory, resulting in shortages or excesses of inventory.  Inventory management systems must achieve your organization’s required service levels, while keeping inventory costs as low as possible in fast-changing economic conditions, high demand uncertainty and shorter product life cycles. Today’s advanced Multi-Echelon Inventory Optimization (MEIO) systems are intelligent enough to be used for supply chain...

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