Saturday, August 14, 2021

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

The recorded video of the webinar "Holistic Safety Stock Optimization - Putting the Horse Before the Cart" delivered by Dr. Jay Zhou on August 12.

A significant amount of money can be saved without impacting the overall demand satisfaction by optimizing the inventory holistically. With the right approach, we can comfortably construct an inventory with less money while providing higher overall demand satisfaction.

Friday, August 06, 2021

Free Online Course: Oracle SQL for Random Sampling

In this course, competition winning data scientist and long time Oracle SQL practitioner Dr. Jay Zhou will share his expertise about performing random sampling using Oracle SQL. Students will learn practical skills that can be applied immediately in tasks that involve random sampling. These include: how to quickly view random samples of the data, how to generate exact number of records randomly, how to select random samples by groups, etc.

  • What you’ll learn? How to perform random sampling using Oracle SQL.
  • Are there any course requirements or prerequisites? Very basic Oracle SQL knowledge.
  • Who this course is for? SQL developers, data analysts, data scientists, statistician.
Please take the free course here.

Wednesday, August 04, 2021

Webinar Invitation: Holistic Inventory Optimization

If you are responsible for a large inventory, I would like to invite you to attend my webinar "Holistic Safety Stock Optimization - Putting the Horse Before the Cart" on Thursday at 2:30 pm, August 12, 2021. Please register here..

I have written an article ) describing the challenge facing companies with large inventory. Tens or hundreds of millions of dollars or more, in addition to their stock prices or market valuation, are at stake depending on the company’s inventory sizes. C-level executives and senior managers want answers to the following critical questions which are both sides of the same coin.

  • How to spend a fixed budget on safety stocks so that the average demand satisfaction for the whole inventory is the highest?
  • How to achieve the desired average demand satisfaction for the whole inventory with the lowest budget of total safety stocks?
In the webinar, I will demonstrate a powerful solution developed by Friesian Analytics. The total inventory value can be reduced significantly without affecting the overall demand satisfaction. The horse (budget) should pull the cart (inventory), not the other way around as it is done by many companies. I look forward to seeing you at the webinar! Thank you.