Overview of Inventory Optimization Basics

Valerie Tardif, Vice President, Algorithms, SmartOps

We all understand the purpose of inventory in a supply chain, but it is more difficult to calculate where and how much inventory is needed and why. A key benefit of inventory optimization is the ability to optimally hedge against demand and supply variability and balance inventory across the supply chain. Come and learn basic inventory optimization definitions and concepts at the heart of inventory optimization and understand the benefits of hedging against demand uncertainty simultaneously across all stages of a supply chain.