About this event
When setting inventory safety stock levels, many planners take a trial-and-error approach based on experience or guesswork. In the webinar, Dr.Jay Zhou will introduce a fundamental principle that pinpoints the optimal safety stock level to maximize the profitability. It is a powerful and quantitative principle yet a straightforward one that can be easily understood by everybody. The benefits of the approach are many-faceted: fully measurable financial outcomes, improved planning productivity, etc. Following the introduction of the principle, Dr. Zhou will show how it actually works by using PeakProfit, a software tool from Friesian Analytics that implements the principle. The webinar is designed for all inventory professionals or managers regardless of if they have 2 months of working experience or 20 years.
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