My manufacturing company has 11 final products. All products have four categories based on sizes. The entire system cannot see the real end-demand. Half of the company’s customers are distributors and not real customers. So the company has to depend on history based forecasts. This results in obvious sales-forecast mismatch. In that scenario how to minimize stock-outs and maximize customer service levels with least network inventory?
Jul 28, 2018
Recently in our organization, the disadvantages of holding inventory have been increasingly recognized, particularly its adverse impact on supply chain and warehouse cost. Is the role of warehouses in future would be eliminated due to leaner inventories?