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3 Ways to Solve Modern Challenges of Inventory Management

Learn how to tackle modern inventory management challenges
Inventory planning and management is a challenging aspect of supply chain management. Modern planning systems use inventory models to select reorder points, replenishment quantities, and safety stocks based on demand forecasts. Even with modern planning systems, there is the need to implement the right inventory planning techniques that can help streamline the entire planning process.

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  • Embed inventory decision making within holistic supply chain decision making

  • Coordinate inventory decision making across strategic, tactical and operational planning horizons

  • Extend inventory planning methods to accommodate new technologies and new business processes

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