Thursday, July 22, 2021

Upcoming Webinar: Holistic Safety Stock Optimization - Putting the Horse Before the Cart

I will give a 45-minute webinar on Thursday, August 12, 2021, at 2:30 PM Eastern Time. If you are responsible for a large quantity of inventory, I would encourage you to attend the event. Please register here.

The following is a summary of the webinar.

The CFO of a company wants to know, given a fixed budget, how to determine the safety stocks of all inventory items to achieve the highest overall demand satisfaction. In the webinar, Dr. Jay Zhou will show that the above goal can only be achieved by optimizing safety stocks holistically. He will demonstrate a powerful solution developed by Friesian Analytics (https://friesiancorp.com). The horse (budget) should pull the cart (inventory), not the other way around as it is done by many companies.

Friday, July 02, 2021

Free Online Calculating Inventory Safety Stock Calculator

I made a youtube video at https://lnkd.in/d3hECWU to introduce a free online tool for calculating inventory safety stock. A spreadsheet file that implements the calculator is downloadable. Here is the link to the calculator. Enjoy!