Roadmap to Multi-Echelon Inventory Optimization

Visual Roadmap to Multi-Echelon Inventory Optimization

Supply chain executives worldwide face an ongoing dilemma: improve customer service levels but don’t create excess or obsolete inventory when doing so. It’s a double-edged sword for supply chain performance. Multi-Echelon Inventory Optimization (MEIO) packs a financial punch by freeing up working capital while boosting service. This process determines where, how much and what type of inventory to hold at each inventory stocking location to meet desired service levels while complying with financial inventory limitations. MEIO delivers a knowledge platform for better decision-making and responding to supply chain disruptions. Logility, in cooperation with Supply Chain Media, has developed a roadmap to overcoming five obstacles to achieving Multi-Echelon Inventory Optimization.

The first stop sign on the road to multi-echelon inventory optimization is ‘Executives Approval’, where it is difficult to get approval and resources for transformational projects. To get the traffic light to turn green, and continue the road, you can:

  • Assign a strong project leader with authority and business and technical expertise
  • Build an in-depth business case that lays out the many benefits of MEIO
  • Gain cross-functional executive approval by aligning projects with corporate objectives
  • Develop a change management program to gain buy-in from all levels of the organization.

Download the Roadmap to multi-echelon inventory optimization

If you want to find out what other four stop signs could be on the road to multi-echelon inventory optimization and how to solve them, fill in your contact details below and receive the full roadmap in your inbox for free.

Roadmaps Supply Chain Movement

The Roadmaps provided by Supply Chain Movement are visual representations of strategic plans that assist in optimizing supply chain processes. They present a simple way of illustrating how companies can achieve their desired objectives.

A Roadmap aids in:

  • Identifying areas for improvement
  • Implementing changes
  • Increasing efficiency
  • Enhancing competitive positioning 

Find all roadmaps of Supply Chain Movement here >>

Download: Roadmap to Multi-Echelon Inventory Optimization

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