Advanced Inventory Optimisation: Beyond the Basic

Advanced Inventory Optimisation: Beyond the Basics

Go beyond inventory optimisation basics as this session will focus on modeling the complexities of real supply chains with advanced features and functionality.

  • Strategic inventory modeling
    • Making a time-phased template for modeling future life cycles or seasonality
    • Using review periods, batching and stage time variability to model manufacturing complexities such as production schedule conformance, supplier on-time delivery, production wheels, and cycle constraints
    • Evaluation of manufacturing policies and trade-offs
  • Tactical inventory planning
    • Exception based target management
    • Treating demand streams with advanced demand characterization: outlier detection, forecast bias measures, bias correction, and seasonality