Smart Software is a leading provider of demand planning, inventory optimization, and supply chain analytics solutions headquartered in Belmont, Massachusetts, USA. Smart IP&O is an integrated set of native web applications that provides a single, easy-to-use, scalable, environment with field-proven inventory and forecast modeling that optimizes inventory stocking policy and improves forecast accuracy. You’ll move planning from spreadsheet-based functional silos to a collaborative platform enabling executives to shape policy while empowering inventory planners to make it so. Smart IP&O optimizes inventory, generates demand forecasts, and increases business profitability.
This blog defines and compares the three most commonly used inventory control policies. It should be helpful both to those new to the field and also to experienced people contemplating a possible change in their company’s policy. The blog also considers how demand forecasting supports inventory...
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