Quantzig Touts Multi-echelon Inventory Optimization (MEIO)

April 13, 2020

Quantzig detailed the top 3 benefits and challenges of a multi-echelon inventory optimization system.

What’s in it for you?

Insights on three challenges in implementing a multi-echelon inventory optimization strategy

Analyze the benefits of implementing a multi-echelon inventory optimization strategy in your supply chain

Learn how multi-echelon inventory optimization can help you tackle the ongoing crisis

The COVID-19 crisis has impacted every facet of an organization including the global supply chains. Global supply chains now face an ongoing dilemma that revolves around improving customer satisfaction while ensuring optimal levels of inventory. This implies multi-echelon inventory optimization is a double-edged sword for enhancing supply chain performance, mainly because the inconstancies in demand and supply and the increasing customer service levels can lead to stock-outs across industries.

To stay competitive, manufacturers are now focusing on multi-echelon inventory optimization to effectively manage their supply networks and build flexibility to thrive in the new environment. However, the key role of manufacturing echelons such as raw materials suppliers, distribution centers, and wholesalers revolves around ensuring the availability of stocks at the right time. This is no easy task considering the ongoing demand-supply disruptions. Making matters worse, manufacturers continue to use legacy systems and outdated algorithms to manage inventory. Visit Quantzig’s COVID-19 resource library to learn how analytics can help bring about a change in such a scenario.

According to Quantzig’s supply chain analytics experts, “The COVID-19 crisis has severely impacted the global supply chains, in such a scenario a good multi-echelon inventory optimization solution can help manufacturers to optimize inventory across multiple locations by suggesting the right levels of inventory at every stage.”

Talk to our analytics experts to learn how we can help you optimize supply chain and inventory operations using a multi-echelon inventory optimization strategy.

Multi-Echelon Inventory Optimization: What are the benefits?

#1 Free-up working capital

#2 Prevent inventory errors

#3 Optimize service levels

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