Introduction: Why Inventory Turnover Matters More Than Ever Businesses need to optimize their inventory management because ...

We propose a sample-average-approximation-based simulation optimisation approach for solving a two-echelon inventory problem containing a total cost objective function and multiple service-level ...

Service levels measure the number of people that a business has on hand to interact with customers and sell them products when they come into a store. Inventory levels measure the amount of supplies ...

Modern supply chain operations present companies with two essential challenges: managing inventory levels properly to prevent excessive and insufficient stock and maintaining production capacity that ...

Effectively managing maintenance, repair, and operations (MRO) inventory is one of the many significant challenges for asset-intensive enterprises. Companies often seek MRO improvements through a ...

For most businesses, inventory is their main source of revenue, so managing inventory needs to be a prime consideration. Having too much of a good thing can weigh down an otherwise profitable ...

Anyone with experience selling on Amazon will tell you that the most important part of your business is making sure that you stay in stock. Inventory stockouts not only lose the incremental sales, but ...