SmartOps said that the Enterprise Inventory Planning and Optimization (EIO) enables customers to achieve both a return on investment and a long-term advantage by determining the possible inventory and product availability plans given customer service goals, inherent uncertainties, time-varying data, and inventory stage complexities.
SmartOps has also said that the EIO generates optimal inventory targets for each stage of the supply chain while providing item-level visibility into each inventory requirement – including safety, cycle, pre-build, pipeline and merchandising stock requirements – to meet desired service levels.
Sridhar Tayur, CEO of SmartOps, said: Companies such as DuPont are looking for a scalable, analytical system for setting optimal inventory targets. Integrating EIO with existing enterprise systems enhances replenishment processes resulting in less cash tied up in inventory.
SmartOps, provides companies with enterprise-class inventory optimization to manage the uncertainty multistage supply chains to achieve return on investment.
Earlier this year, SmartOps Inventory Planning & Optimization software has been licensed by Eastman Chemical Company, a manufacturer of various chemicals, plastics, and fibers.
