Service Level Optimization (SLO)
Service Level Optimization (SLO) allows you to set all of your item-and location-specific inventory requirements as a global service target—all while keeping inventory costs to a minimum.
With sophisticated search algorithms, you can model all relevant, time-sensitive inventory data needs, such as:
- Lead time and lead time variability
- Replenishment frequency
- Forecasts and forecast error
- Frozen windows
With Service Level Optimization through SmartOps, you can:
- Tailor every item’s individual service level. Exploit the relationship between service and its cost. Quantify and justify inventory versus sales revenues per product.
- Minimize inventory cost. By basing your inventory on the desired fill rates you set, you can reduce inventory investment.
- Balance conflicting objectives with ease. Now you can calculate the right balance to reduce inventory requirements and meet your global business objectives. Watch as better customer service can translate to increased sales.