How to reduce potential stock-outs and excess stock with AI-based inventory optimization?

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Efficient Supply planning has come into focus post-COVID 19 as frequently changing situations are leading to excess stock or stock-outs situations. It is important to understand how to optimize inventory as per various situations to improve the stocking situation and also the cash flow.

Agenda
+ Understand the relationship between forecast accuracy and safety stock levels
+ Using AI to generate an accurate forecast in Streamline solution
+ Identify the potential losses and stock-outs using Streamline solution
+ Determine the safety stock levels based on the forecast accuracy, lead times, and service levels using Streamline solution

0.00 Streamline Introduction
4.05. Webinar Agenda
6.38 Practical Demonstration. Product Tree
11.20 Forecasting and Stocking
16.30 Forecast Accuracy Vs Safety Stock Level
22.32 Potential Losses and Excess Stock
25.40 Practical Demonstration. Inventory level
31.48 Safety Stock levels
32.15 Practical Demonstration
46.05 Item Classification
47.35 Q&A

Benefits:
- 50-90% time savings on forecasting, planning and placing orders
- 15-50% reduction in excess inventory
- 50-99% less stock-outs
- 10-20X ROI in the first year (the highest in the industry)
- Used by retailers, wholesalers, distributors, manufacturers and e-commerce worldwide

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