How efficient and accurate inventory management allows a company to reduce its amount of stock?
"This Decision Support System is being used to evaluate different logistic scenarios and to help in preparing the annual budget of the department that I am running. The attained benefits are evident by the easiness of simulation of multiple logistic scenarios and by the time saved in preparing the annual budget. Moreover, this decision support system has an underlying optimization model that retrieves solutions that were hard to grasp with the previous empirical methods.”
Director of Logistics Department
“The [inventory management] solution implemented in our company's system is daily used by the purchasing team: for issuing orders to the suppliers and for transshipping products between our five warehouses. The results were excellent! The inventory to sales ratio is reducing, keeping the usual service level."
Management Advisor - MEDLOG