Apply, Simulate, and Optimize Inventory Policies (using Excel)
What you'll learn
- How to simulate, optimize, select, and apply inventory policies
- How to optimize inventory policies to minimize costs
- How to optimize policies to find the perfect trade-off between inventory and service levels
- How to assess service level
- How forecasts interact with inventory policies
- How to select an inventory policy based on historical demand and forecast patterns
- How to simulate inventory policies