As many as 75 percent of companies are still using spreadsheets to optimize their inventories. And most still use ABC Classification, which dates all the way back to 1951.
Increasing supply chain complexity and demand uncertainty is creating a staggering array of variables, leaving planners that rely on last century’s solutions with little chance of meeting both service levels and financial goals in a sustainable way.
There’s a better way to optimize inventory. Service-driven inventory optimization is the new and proven way to optimize inventory in the digital age. This ebook, based on hundreds of successful deployments, will introduce you to the new building blocks for optimizing inventory in the digital age so you don’t get left behind. It will reveal:
- Why traditional approaches are incapable of meeting today’s long-tail demand complexities
- Why probability forecasting is replacing the traditional ‘one-number’ deterministic forecasting approach
- Important considerations for selecting the right IO solution
- How businesses like yours are slashing inventory and increasing service levels using a service-driven strategy
Please CLICK HERE to download the white paper.