Excess Inventory Management with AI
Meet the Experts
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. Excess inventory is a key challenge in many industries, as evident from the recent challenges some top retailers have faced. Readers of this article will get answers to questions like:
• Why AI enabled tools are needed to plan excess inventory management?
• How does an AI-enabled tool identify and plan excess inventory strategy?
• What are some non-technology aspects that need to be considered to act on recommendations?
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