Inventory Optimization Tool by Ultriva Provides Effective Inventory Assessment
Inventory Optimization Tool (IOT), by Ultriva, projects optimal inventory requirements through simulation of historical data and identifies parts for Kanban and projects potential savings. The simulate consumption and compute is on-hand inventory for each day. The simulation highlights the potential weakness in current replenishment methodologies. For historical data IOT identifies the potential inventory savings while it identifies the part shortages.
The Inventory Optimization Tool calculates average consumption, S/X ratio (variability of consumption) and safety stock, performs ‘what if’ analysis by...
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