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Inventory Strategy: Maximizing Financial, Service and Operations Performance with Inventory Strategy by Edward Frazelle

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CHAPTER THREE

INVENTORY OPTIMIZATION

3.1 RightSKUs: SKU Optimization

3.2 RightCast: Forecast Optimization

3.3 RightTimes: Lead Time Optimization

3.4 RightLots: Lot Size Optimization

3.5 RightPloy: Inventory Deployment Optimization

3.6 RightSight: Inventory Visibility Optimization

3.7 RightRate: Inventory Carrying Rate Optimization

3.8 RightStock: Inventory Optimization

I developed the RightStock (Figure 3.1) inventory strategy model as a part of our RightChain framework to help professionals work through the complexities, intricacies, and trade-offs of inventory decision making. The model is based on over 30 years of consulting, research, and development in inventory and supply chain strategy. RightStock is influencing the inventory strategies ...

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