Small and medium businesses (SMB) need to address inventory challenges by using a tightly integrated approach that reflects the dynamics of the extended supply chain. Data must also be available to other application modules within the enterprise resource planning (ERP) system. An inventory optimization solution allows companies to effectively fulfill demand and identify how to gain additional profits from their inventories.
manufacturing principles enabling more accurate forecasting at product component levels. Source : SYSPRO Resources Related to Reduce Inventory Levels in a Lean Environment : Lean Manufacturing (Wikipedia) Using Inventory Optimization to Reduce Inventory Levels in a Lean Environment Lean is also known as : Lean , Lean Management , Lean Manufacturing , Lean for Service Industry , Process Improvement , Lean Manufacturing Lean Production , Lean Production , Lean Tools , Lean Software , Lean Innovations ,