Inventory Optimization Tool (2 of 2)
Result: The model was delivered to the client along with documentation and training on use of the tool. Initial field data suggest an increase in parts availability with essentially the same inventory levels as before. After full deployment of the inventory optimization system, the manufacturer therefore expects to considerably increase customer satisfaction and sales, while maintaining an acceptable inventory turn-over ratio.
Types of organizations that can use the same expertise
- Firms that have to decide how much inventory to keep
- Firms with dealer-networks that like to increase customer satisfaction by improving availability of parts