Methods for "Inventory Reduction" in Manufacturing | Explanation of the Importance of IT and DX
It also introduces examples of automating demand forecasting using AI, highlighting points that can be immediately applied in practice.
Reducing inventory in the manufacturing industry is not just about cutting costs; it is a management challenge that directly relates to improving turnover rates, reducing stockout rates, and ensuring healthy cash flow. Especially in recent years, as uncertainty in the supply chain has increased, it has become more important to accurately manage "when and how much to order" rather than "how much inventory to hold." This article will explain the basic steps to advance inventory reduction in manufacturing, as well as specific methods such as setting safety stock levels, designing reorder points, and optimizing order quantities. *For more detailed content, please refer to the related links. For further information, feel free to download the PDF or contact us.*
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Our company actively engages in technological innovation and creates efficient communication infrastructure based on predictive models utilizing machine learning, thereby generating new value in communication.
