Deliver Greater Customer Satisfaction and Generate Higher Business Profits With Inventory Optimization with Logility
Inflationary pressures stemming from raw material price hikes have directly dented business profitability during the period of 2022-23, as businesses have not been able to pass on the higher input costs to their customers. This harsh economic reality compounds the pressure on businesses to cut their costs aggressively, well knowing that inventory carrying costs contribute a substantial chunk of the total operating costs (about 30-35% tied up in RM, WIP, & FG inventory). During these uncharacteristic economic times, there is a high incentive for businesses to ensure the right inventory is stocked at optimal levels to both maximize sales revenues and minimize supply chain costs.
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Logility presents its multi-echelon inventory optimization (MEIO) solution offering to optimally balance customer fulfilment and inventory investment objectives. You can now enable your business to plan, position, and replenish the correct type and right amount of inventory across multiple stages of procurement, manufacturing, and distribution processes within the supply chain network.
In this webinar you will learn about using inventory optimization as a strategic lever to deliver higher business growth, greater profitability, and increased customer satisfaction. Key takeaways from attending this webinar:
1. Configure inventory segmentation rules to align with customer service goals
2. Set inventory policies in a structured manner to align with business strategy
3. Perform what-if scenarios to respond quickly to supply chain changes
Speakers:
Sheetal Yadav: Specialist in statistical techniques and data modeling. 8+ years of consulting experience in planning & forecasting across the industry sectors. Sheetal holds Bachelors in Engineering and MBA in Supply Chain Management.
Aniruddh Srivastava: With almost 2 decades of Industry experience, Aniruddh is Master of Supply Chain Management, Master of Manufacturing Management and Master of Science in Industrial Engineering.
#supplychain #supplychainmanagement #supplychainsolutions
18 май 2023
