Manugistics has unveiled new software that it designed to make supply chains more profitable.
Users of the Inventory Policy Optimisation (IPO) package can optimise a company’s inventory at different locations within the supply chain to improve customer service levels, said Manugistics.
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The IPO software will also help companies keep inventory costs to a minimum, it added.
Traditionally, companies have stocked bigger central inventories so they can be prepared for the unpredictability of consumer demand.
To make sure inventory levels are set at an appropriate level a company will need to ensure its supply chain technology is flexible enough to meet constantly changing regional and product demands.