Often companies have to plan production of finite products or common bulk products based on forecasts of future sales. Since forecasts cannot predict future demand exactly, companies keep excess inventory to minimize stock-outs in case of demand fluctuation. Poor product availability means lost sales and customers. In essence, safety stock is like an ‘insurance’ policy companies pay to protect themselves from lost sales and customers.
Is it possible to eliminate this ‘insurance’? Attend the videocast to learn more!
In this outstanding Videocast from Supply Chain Digest and The Supply Chain Television Channel, ILOG's Product Marketing Director Filippo Focacci and SCDigest’s Editor-in-Chief Dan Gilmore, will discuss an excellent case study showing the benefits of global optimization, dynamic safety stock, and manufacturing flexibility.
