Inventory levels are determined by a series of accounting transactions, and inventory levels are set by optimization algorithms that are run only periodically.
Goals and Objectives
A 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.