What is inventory optimization?
Inventory optimization - a little like the Holy Grail of stock
management.
To run a perfect inventory system is impossible due to the range
of factors that impact on the stages of the supply chain. Inventory
Optimization is basically taking all the factor known, such as
acquiring and storage of raw materials, shelf life of those
materiel's, manufacture, meeting customers volume demands, meeting
customer demands for additional volumes, handling postponement of
orders, cost of storage at each stage of the process of supply.
There are many software houses that consider their product does
that job perfectly.