Everything about inventory optimization and order accuracy improvement using lead time and demand forecasting.

You can understand measures to address lead time variability and points for improving the accuracy of demand forecasting.

In inventory management and ordering operations, it is important to prevent stockouts while keeping inventory costs low. The key to this is inventory optimization that combines lead time and demand forecasting. Lead time is the period from order placement to delivery, while demand forecasting is a method for estimating future sales volumes. If either is inaccurate, the risk of overstocking or stockouts increases. In today's rapidly changing market, the importance of optimizing both simultaneously has never been greater. This article will clearly explain the basics of lead time and demand forecasting, how to set safety stock, optimize ordering methods, and examples of utilizing AI tools. *For more detailed content of the blog, you can view it through the related links. For more information, please download the PDF or feel free to contact us.*

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