Inventory Planning Blog

Valogix Stocking Quantity and How It Compares to Min, Max, and Safety Stock

Posted on Tue, Jan 07,2020@06:00 AM

As the New Year begins, today’s challenging business climate is forcing managers to look for simple, yet effective ways to reduce waste and improve productivity to increase profitability and service. Finished goods, production materials and service parts inventory planning are prime candidates. With thousands of items to manage, sometimes at multiple locations, the lack of scientific automated tools has made the job almost impossible leaving companies with too many of the wrong items and not enough of the critical ones. The result is unnecessary inventory expense, while suffering service-limiting stock-outs.

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Tags: Inventory Planning, Valogix, warehouse management, supply chain planning