Managed inventory is a business strategy that involves actively monitoring and managing the levels of inventory in order to optimize the supply chain and minimize costs. This type of inventory management is based on the principles of demand forecasting, inventory optimization, and supply chain management. It is a proactive approach to inventory management that involves the use of data and analytics to anticipate customer demand and plan for inventory levels accordingly. This strategy helps to ensure that the right amount of inventory is available at the right time and place, reducing the risk of overstocking or understocking. Managed inventory also helps to reduce costs associated with excess inventory, such as storage, handling, and transportation costs. By utilizing this strategy, businesses can better meet customer demand and ensure that their supply chain is running as efficiently as possible.
