The pandemic coronavirus has reached nearly every corner of the globe. Besides its impact on human life, we’re witnessing COVID-19 effects on the economy and specifically the disruption in supply chains around the world. COVID-19 took the world by surprise. Despite significant efforts to contain the virus, over 200 countries have reported positive cases and
The pandemic has spotlighted just how volatile our supply chain has become. It has pointed out the vulnerability of global supply. Listen to the entire conversation as we explore ways companies can change course and ensure they are better prepared for future challenges. Check out the entire pandemic webinar series here.
In a simple sense, inventory optimization is what you get when you strike a balance between having enough inventory to satisfy your customer service standards while stocking as little inventory as possible. Customer service standards involve meeting demand—but not past the point that you have too much. But inventory optimization gets complicated when supply and