How to Master Inventory Optimization

In Supply Chain Planning, the end goal is to get the right amount of inventory, in the right place, at the right time, at the lowest possible cost, while providing the best service levels possible. To actually accomplish this, inventory optimization is critical. With inventory optimization, companies can better balance capital investment constraints or objectives and service-level goals. Yet for many, multi-echelon inventory optimization (MEIO) seems out of reach, since most companies still use simplistic approaches to manage inventory.