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. Customer service standards involve meeting demand—but not past the point that you have too much. But inventory optimization gets complicated when supply and demand are constantly in a state of flux across a sizeable number of SKUs. The larger the complexity, the bigger the challenge. Read the entire eBook here.
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The cannabis industry is one of the fastest-growing industries in the United States. Not only are new markets popping up as new medical and recreational legalizations roll through the country, but existing markets continue to grow as well. Managing and keeping up with such phenomenal growth presents a significant challenge to operators in the space,
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