In a simple sense, inventory optimization is what you get when you strike the perfect balance between having enough inventory to satisfy your customer service standards while stocking as little inventory as possible.
But inventory optimization gets complicated when supply and demand are constantly in a state of flux across a sizeable number of SKUs.
This e-book is designed to help you make informed decisions about optimizing your inventory and covers topics including:
- Why does inventory optimization matter?
- Stock-outs, stock overages—why do they happen?
- What are some best business practices to improve inventory optimization?
- How a solution like Sage Inventory Advisor can help