Michael Blumberg

Managing inventory levels with today’s volatile supply chain is a delicate balancing act. Overstocking can lead to significant financial losses due to higher prices and uncertain delivery dates, both of which displease customers. This session will equip attendees with practical strategies to optimize inventory management, mitigate risks, and ensure smoother supply chain operations.

Key takeaways:

• The hidden financial burdens associated with excess inventory, including obsolescence, storage costs, and opportunity costs.
• Demand forecasting techniques to accurately predict future demand, enabling more precise inventory planning.
• Inventory optimization strategies to minimize excess inventory, such as just-in-time inventory, safety stock optimization, and vendor-managed inventory.
• Risk mitigation tactics to mitigate disruptions, including supplier diversification, contingency planning, and early warning systems.

We’ll also discuss how advanced analytics, IoT, and AI can enhance inventory visibility, optimize replenishment processes, and reduce costs.