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Inventory
The goal is to figure out how much money to invest in inventory to minimize set-up and inventory holding costs while providing an acceptable service level. The management controls for adjusting to the appropriate inventory level are when to order and how much to order. Appropriate inventory level means appropriate for your company because there are always trade-offs.
C-Suite quantifies the trade-offs between inventory investment, customer service, and capacity giving you the ability to determine what works best for your situation. C-Suite takes into account variability in both demand and supply. Even if you are achieving 100% on-time delivery performance with your current IT system, chances are good that inventory levels can be reduced without any loss of customer service.
Variability in product lead time increases the inventory levels required to maintain a given service level. Likewise, variability in demand further increases the inventory required. C-Suite provides useful information that describes both the amount and type of variability in order to focus improvement efforts such as Six Sigma.
C-Suite takes the guess work out of setting your optimal inventory policy.
