Current Situation
Inventory levels are determined by a series of accounting transactions, and inventory levels are set by counts that are taken only periodically.
Goals and Objectives
Continuous assessment of inventory position relative to demand, production capacities, and supply position will reduce inventory levels and lower management costs.
Technology Deployed
Hardware: sensors; Software: analytics, data management software; 3rd Platform technologies: cloud
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.