Proper Planning Can Help Adjust Inventory Levels, Experts Say

Properly planned inventory levels can help companies reduce costs and cope with unpredictable demand, experts say. At Chemical Week’s recent webcast, Responsive Supply Networks: How to Cope with Uncertain Demand, experts from the chemical industry and business management software came together to discuss how companies can optimize their inventories. Stock safety planning is the initial step of the inventory optimization process, says Ray Adams, field services director/chemicals for SAP. Companies then should move into a multi-echelon approach that considers...

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