Inventory levels are primarily managed through accounting transactions, and optimization algorithms aren’t fully embedded into the management process.
Goals and Objectives
Continuous assessment of inventory position relative to demand, production capacities, and supply position will reduce inventory levels and lower management costs.
Cloud, IoT, BDA, and cognitive
Use Case Summary
Instrumenting inventory locations to report actual inventory position (smart shelves) and material handling equipment will provide an accurate representation of real-time inventory position in the supply chain digital twin.