Mastering Inventory Optimization in a Turbulent Supply Chain Era

by Michael Judd, John Crane

The approach herein considers the current supply chain challenges. This has resulted in an adaptation of our std methodology to focus on early cost savings without unduly impacting longer term objectives, through improving processes and reliability culture Inventory costs can reduce between 20%-60%.

Learning takeaways:

1. What inventory must I have?
2. What can I safely dispose of?
3. How do I forecast future inventory requirements?