Inventory optimization is the process of managing inventory levels to ensure that enough stock is available to meet customer demand while minimizing excess stock and associated costs. It involves analyzing inventory data, demand forecasts, lead times, and other factors to determine optimal reorder points, safety stock levels, and order quantities. Effective inventory optimization can lead to improved customer service, reduced inventory carrying costs, and increased profitability.
Translytics helps companies to optimize their inventory levels using in-house developed advanced algorithms. Translytics has developed a brain which sits on top of transactional sytems which generates alerts and actions on inventory