Results for tag: "Inventory Modeling"

Inventory Modeling is a subset of Supply Chain Management that focuses on the optimization of inventory levels. It involves the use of mathematical models and algorithms to determine the optimal amount of inventory to be held in order to meet customer demand while minimizing costs. This includes forecasting demand, setting safety stock levels, and determining the optimal order quantity and timing. Inventory Modeling also takes into account factors such as lead times, seasonality, and supplier reliability. Inventory Modeling is a key component of Supply Chain Management, as it helps to ensure that the right amount of inventory is available at the right time. This helps to reduce costs, improve customer service, and increase profitability. Companies in the Inventory Modeling market include Logility, JDA Software, Oracle, SAP, Kinaxis, ToolsGroup, and Demand Solutions. Show Less Read more