Luncheon Keynote Address: Planning for the “Un-Plannable”
How do you plan optimal inventory levels and purchase quantities for thousands of items, when demand is intermittent, constantly changing, or affected by unexpected events? Random, sporadic demand is the worst case scenario for planning and procurement, and leads to excess inventory levels, and costly stock outs.
Greg Hartunian, CEO of Smart Software, will discuss traditional inventory planning and forecasting approaches, present practical examples of how they can fail, and share how probabilistic modeling methods can make a big difference to your bottom line. Learn how to reduce stock outs and inventory costs, by leveraging data driven decisions that identify the financial trade-offs associated with changes in demand, lead times, service level targets, and costs.