Material Inventory Optimization


Material Inventory Optimization

Many companies are concerned with material Inventory optimisation where there is a need to control inventory levels and to put in place a robust inventory optimisation solution that helps in controlling costs and ensures uninterrupted production cycles for them. Many companies adopt the five-step structured approach to set up an effective global inventory planning and control process such as doing the business assessment, developing the inventory plan, executing according to the plan, measuring performance against the plan and ensuring continuous improvement. Besides, a well-structured approach to global inventory planning and control will be beneficial to manufacturers to maintain high levels of customer service and reduce costs.

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