The Perfect Formula for Determining the Right Amount of Inventory
Thursday, November 2, 2017 | 2pm ET
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Thursday, November 2, 2017 2:00PM
Bob Trebilcock, Editorial Director, Supply Chain Management Review
Wesley S. Randall, Researcher, University of North Texas
David R. Nowicki, Researcher, University of North Texas
For years, supply chain executives have asked how can they reduce inventory without affecting customer service levels or shifting cost to other supply chain partners? The answer could be a new inventory management strategy.
In this webinar University of North Texas researchers Wesley S. Randall and David R. Nowicki will explain how the science of theoretical minimums, a new approach to inventory optimization, provides a simple and elegant way to reduce cost and increase customer service levels by monetizing time delays across the extended supply chain.
Attend this session and learn:
- Why this new approach reduces total supply chain costs instead of pushing inventory carrying costs onto suppliers
- How to reduce the informational delays that add hidden costs to the supply chain
- Demonstrate how the use of real-time consumer demand can drive time-phased shipments and production through the supply network
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