Optimized inventories: simulation instead of gut feeling & rule of thumb
Webinar on demand
Supply Chain Management
How simulation-based safety stocks free up working capital
Excessive or incorrectly distributed inventories tie up capital unnecessarily that could be used elsewhere. The reason: safety stocks are often (still) determined based on gut feeling, rules of thumb, or historical values—even though the data needed for well-founded forecasts has long been available.
In this on-demand webinar with live demo, our SCM experts, together with Prof. Dr. Andreas Seufert, show how this can be changed with a simulation-based approach and how realistic, mathematically optimal safety stocks can be determined.
The focus of the webinar:
- Limitations of traditional methods: Why common security inventory models fail—and where they tie up unnecessary capital.
- Simulation-based methods: Insight into modern simulations with thousands of realistic ordering scenarios per item instead of blanket formulas.
- Well-founded maturity assessment: How to validate your current approach and identify real potential.
- Valuable future scenarios: This allows you to evaluate different scenarios directly in order to make informed decisions and ensure delivery capability despite reduced inventories.
- Your added value: What results you can typically expect, e.g., regarding the interplay between service level, inventory, and risk.
Take advantage of this opportunity and learn how to make conflicting goals transparent, make informed decisions, and achieve measurable improvements in inventory management with real-world examples and a live demo.
Watch the webinar on demand now:
Webinar contributors
Dr. Niklas Wagner holds a PhD in mathematics and is a Data Scientist at celver. His focus is on the development of forecasting solutions for customers in different industries. In the course of this, he is also Product Owner of the celver Forecasting Framework.
Prof. Dr. Andreas Seufert teaches at the Ludwigshafen University of Applied Sciences and is Director of the Business Innovation Lab there. He is also Director of the Institute for Business Intelligence at Steinbeis University Berlin. He is head of the BI/ Big Data and Controlling expert group of the International Controller Association (ICV) as well as XING | Ambassador Controlling.
Janek Kapahnke has been developing planning and analysis solutions with customers from various industries for over 5 years. Today, he is responsible for the area of supply chain management and focuses on innovative solutions for current challenges in supply chain planning.
