Inventory optimization can increase your profitability

One of the largest capital expenses for many distributors and wholesalers is stock. Finding the balance between ensuring products are available when customers need them and not holding too much, is business critical. In order to get accurate forecasting, the statistical forecast figures have to be based on requested demand rather than delivery statistics. This paper demonstrates how an an inventory optimization system is designed to help companies increase accuracy and overcome these issues in order to enhance customer service and lower operational costs.