Inventory Optimization is the process of maintaining the right amount of inventory required to meet demand, keep logistics costs low, and avoid common inventory issues such as stock-outs, overstocking, and backorders. Operational Analytics enables Inventory Optimization, allows to reduce working capital by reducing unnecessary inventory buffers, improves service level, and ensures that their customers/retailers get what they want and when they want it, without holding too much inventory at the manufacturing site. Operational Analytics is also an important aspect of Finance and Operations Analytics that empowers manufacturing businesses with Just-in-Time manufacturing and reduces operational costs.
