Webinar - How to Measure Operational Excellence with Inventory Performance Metrics
September 30 2021
Better Understand Supply and Demand Patterns
Inventory performance is an important measure of operational excellence. There are various ways to measure inventory performance, including two common KPIs: days on hand and inventory turns ratio. Another approach to measuring inventory performance is to compare what is purchased or produced to what is sold. By analyzing this ratio, you will not only begin to understand supply and demand patterns but also can glean insights into:
• Optimizing lot sizes • Improving lead times • Modifying order frequencies • Re-evaluating safety stock levels
In this webinar, we showcase a dashboard that enables users to locate supply and demand imbalances across ABC item classifications. You will also learn how to extend the capabilities of this dashboard to slice by item groups, production lines, and other relevant dimensions.
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