New Horizon Multi-Echelon Inventory Optimization using machine learning to optimize inventory plan video transcriptÂ
We all want to minimize inventory while still achieving higher customer service levels.
But how?
Would setting a 99% service level using safety stock formula get you 99%?
No!
Why?
The safety stock formula assumes noise is normally distributed.
In real life that’s not true.
And it will take a long time to find out if the setup is suboptimal.
And by that time, the damage is done.
New Horizon uses regression and machine learning methods to optimize safety stock,
which truly moves your customer service to the next level while minimizing inventory.
New Horizon, rock it!
