For years, supply chain executives have asked how can they reduce inventory without affecting customer service levels or shifting cost to other supply chain partners? The answer could be a new inventory management strategy.
In this webinar University of North Texas researchers Wesley S. Randall and David R. Nowicki will explain how the science of theoretical minimums, a new approach to inventory optimization, provides a simple and elegant way to reduce cost and increase customer service levels by monetizing time delays across the extended supply chain.
Watch this webinar to learn:
- Why this new approach reduces total supply chain costs instead of pushing inventory carrying costs onto suppliers
- How to reduce the informational delays that add hidden costs to the supply chain
- Demonstrate how the use of real-time consumer demand can drive time-phased shipments and production through the supply network