
Log-hub
Log-hub expands portfolio with the new Inventory Optimization App, designed to streamline inventory management while reducing costs. Tailored for businesses looking to maintain an optimal balance between inventory levels and service quality, this app offers a comprehensive solution to inventory challenges.
Key Takeaways:
- The Inventory Optimization App helps businesses choose the best inventory policies based on historical and forecasted demand data, ensuring that service levels are met while minimizing ordering, holding and shortage costs. By utilizing advanced algorithms, including standard academic formulas and Log-hub’s proprietary AI-driven multi-dimensional mathematical optimization, users can expect cost savings of 5-15% compared to traditional approaches.
- Supporting multiple inventory policies like (s,Q), (s,S), (R,S), and (R,s,S), the app provides flexibility to adapt to various demand patterns and operational constraints. Users can also factor in supplier constraints like Minimum Order Quantities (MOQ) and reorder batch sizes to create tailored inventory strategies.
- The app’s ability to simulate both AS-IS and optimized scenarios allows businesses to visualize improvements and make data-driven decisions. Inventory planners and supply chain managers benefit from reduced manual effort and better control over high-impact SKUs, while freeing up resources for more strategic tasks. With seamless integration into Excel through Office 365, the Inventory Optimization App fits smoothly into existing workflows, making it an efficient, user-friendly addition to any supply chain toolkit.