Multi-echelon inventory optimization (MEO) simulates interactions between all your stocking locations to minimize inventory without compromising your target service levels. It identifies the most cost-effective stocking strategies by analyzing:
Multi-echelon inventory optimization identifies the most cost-effective way to meet your service level goals, whether you're trying to maximize asset availability or achieve a 95% part fill rate. The capability empowers your planners to:
We now have a dynamic and agile supply chain. If there are changes in the market, whether it's going up or down, our supply chain is able to adapt quickly to those changes so we can keep and gain business momentum and ensure world-class customer service.– Sébastien Bergé, Manager of Services, Metso
Contact a service parts management expert to discuss how multi-echelon inventory optimization can improve your service supply chain.