Ordering Decision Managing Inventory Risk Essential to any business which is holding a significant amount of inventory is a formalised process of goal setting taking into account trade-offs between investments and service levels. As well as ensuring stock cover is optimally set to meet these objectives, it is also important to examine areas of greatest opportunity for leveraging the stockholding. Use of EXECuLINK's Decision Support Software with advanced functionality allows flexible policy scenario modelling by top management. This in conjunction with well founded exceptions principles, within the context of a comprehensive Inventory Risk Management Methodology, ensures that the principal benefit of maximum service within affordable financial limits is achieved.
Staff are much better informed and focused.
Already, we have improved forecast accuracy, reduced excess inventory and improved service levels. The Essentials of Inventory page.