Inventory Planning Complexities
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Inventory planning and management have taken a whole new form in the COVID era. Optimal inventory planning and management were never easy, but the challenges have now increased manyfold. As organizations changed their inventory strategies, many of them moving from just-in-time to just-on-case, the associated planning, and management challenges also need to be addressed. In this post, we introduce some key challenges that inventory management function run into. In subsequent posts, we will explore how analytics can help address these challenges of and we will refer back to this article in those subsequent posts.
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