Inventory Optimization

inventories.xlsx (27.8 KB)

I would like to learn about inventory optimization with solution about
How to reducing inventory by 20%
How to reach a target of 99.5% service level

Assumptions
Shipping lead time to markets incl. quality release of goods:
• Air freight: 5 days no matter the destination (std. dev. 1 day)
• Truck: 3 days within same continent (std. dev. 2 days)
• Sea freight: 23 days freight between continents (std. dev: 7 days)

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