Multi-Echelon Inventory Optimization: Why Does It Matter Now? – Quantzig
Quantzig, a global data analytics and advisory firm, that delivers actionable analytics solutions to resolve complex business problems announces the completion of its FREE downloadable resource that illustrates the top 3 benefits and challenges of a multi-echelon inventory optimization system.
The #COVID19 crisis has severely impacted the #globalsupplychains, in such a scenario a good multi-echelon inventory optimization solution can help manufacturers to optimize inventory across multiple locations.
What’s in it for you?
- Insights on three challenges in implementing a multi-echelon inventory optimization strategy
- Analyze the benefits of implementing a multi-echelon inventory optimization strategy in your supply chain
- Learn how multi-echelon inventory optimization can help you tackle the ongoing crisis
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The COVID-19 crisis has impacted every facet of an organization including the global supply chains. Global supply chains now face an ongoing dilemma that revolves around improving customer satisfaction while ensuring optimal levels of inventory. This implies multi-echelon inventory optimization is a double-edged sword for enhancing supply chain performance, mainly because the inconstancies in demand and supply and the increasing customer service levels can lead to stock-outs across industries.
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To stay competitive, manufacturers are now focusing on multi-echelon inventory optimization to effectively manage their supply networks and build flexibility to thrive in the new environment. However, the key role of manufacturing echelons such as raw materials suppliers, distribution centers, and wholesalers revolves around ensuring the availability of stocks at the right time. This is no easy task considering the ongoing demand-supply disruptions. Making matters worse, manufacturers continue to use legacy systems and outdated algorithms to manage inventory.
According to Quantzig’s supply chain analytics experts, “The COVID-19 crisis has severely impacted the global supply chains, in such a scenario a good multi-echelon inventory optimization solution can help manufacturers to optimize inventory across multiple locations by suggesting the right levels of inventory at every stage.”
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