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Traditional approaches to inventory planning are largely based on rules of thumb rather than formal data analysis. For years, supply chain planners have used these outdated inventory management models, resulting in supply chain inefficiencies that their companies can ill afford in today’s ultracompetitive environment.
To boost efficiency, run leaner, and drive down the cost of supply, many organizations are exploring inventory optimization – a technique for improving operational inventory targets to address the realities of today’s highly complex, ever-evolving global supply chains.
Download this thought leadership whitepaper to understand how the stochastic multistage, multi-inventory model supports inventory optimization. The paper also looks at how the SAP Enterprise Inventory Optimization application by SmartOps uses the model to help supply planners execute more effectively in a highly collaborative enterprise environment that extends beyond organizational boundaries.
In this whitepaper, you will learn how to:
- View and synchronize end-to-end supply chain operations
- Manage supply and demand uncertainty
- Maximize profit and minimize assets
- Manage exception workflows efficiently
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