Upcoming Webinar: How to Boost Your Bottom Line: Achieving Greater Profits with Automated Inventory Optimization

Intuition tells us that an inventory item with 65% gross margin, everything else being the same, should have a higher service level/safety stock than one with 10% for the sake of maximizing profit. However, traditional methods fail to quantify exactly how much the service levels/safety stocks should differ between these items. This causes companies millions of dollars in lost profits every year.

Our proprietary Safety Stock Price Model, developed by Dr. Jay Zhou, solves this issue. The model accurately calculates the ideal service levels and safety stocks based on your products' gross margins. For the above example, it prescribes service levels of 99% vs 92% and safety stocks of 282 vs 170 units for the 65% vs 10% margin items (see the picture below). By optimizing service levels and safety stock in this way, your company's profit is maximized - exactly what you and your executives want!

Join our free webinar tomorrow at 9am ET to learn how our algorithm can boost your bottom line through smarter inventory optimization. Dr. Zhou will explain why traditional methods fall short and how our patented approach is the true path to greater profits. Register now here for "How to Boost Your Bottom Line: Achieving Greater Profits with Automated Inventory Optimization" on Wednesday, November 1st at 9am ET