Healthcare Supply Chain Company maintains fill rate, reduces inventory by $1.1 million. This company distributes healthcare products to hospitals around the Midwest. They based safety stock on weeks-of-supply, increasing the weeks-of-supply for critical items. The used a popular forecasting software to forecast demand. Setting target inventory levels was turned over to Optimal Velocity’s Demand Forecaster™ and Inventory Optimizer™. A more accurate forecast, plus optimal safety stock levels resulted in a fill rate of greater than 99.9%, and inventory reduction of $1.1 million!
READ MOREHealthcare