Optimize Inventory, Minimize Costs with Log-hub's New Inventory Optimization App

SCHINDELLEGI, Switzerland - Oct. 2, 2024 - PRLog -- Log-hub is expanding its portfolio with the new Inventory Optimization App, a powerful tool tailored for businesses looking to maintain an optimal balance between inventory levels and service quality.

The Inventory Optimization App helps businesses choose the best inventory policies based on historical and forecasted demand data, ensuring that service levels are met while minimizing ordering, holding, and shortage costs. By utilizing advanced algorithms, including standard academic formulas and Log-hub's proprietary AI-driven multi-dimensional mathematical optimization, users can expect cost savings of 5-15% compared to traditional approaches.

Supporting multiple inventory policies like (s,Q), (s,S), (R,S), and (R,s,S), the app provides flexibility to adapt to various demand patterns and operational constraints. Users can also factor in supplier constraints like Minimum Order Quantities (MOQ) and reorder batch sizes to create tailored inventory strategies.

The app's ability to simulate both AS-IS and optimized scenarios allows businesses to visualize improvements and make data-driven decisions. Inventory planners and supply chain managers benefit from reduced manual effort and better control over high-impact SKUs, while freeing up resources for more strategic tasks.

With seamless integration into Excel through Office 365, the Inventory Optimization App fits smoothly into existing workflows, making it an efficient, user-friendly addition to any supply chain toolkit.

Aside from the new app in the Supply Chain Apps portfolio, Log-hub introduces enhancements to the existing apps with the Log-hub 4.4 update release. The new features include:
✔ Map Layers - users can quickly overlay customer regions, transport routes, and more for fast analysis, without the need for manual recalculations. They can use pre-built logistics layers including Zip2 regions and warehouse locations from major LSPs to save time, improve collaboration, and streamline decision-making.

✔ Relative Delivery Breaks for Transport Optimization Plus and Milkrun Optimization Plus Apps to prioritize driver safety while ensuring on-time deliveries.

✔ Cost per Kilometer & Loading Time for Milkrun Optimization Plus allow users to gain better control over your transportation costs and scheduling.

✔ The Network Design Plus app now features a service level constraint to help users balance service level agreements with timely deliveries

✔ With Long Running APIs for Network Design Plus and Location Planning, users can run calculations with larger datasets in the background and keep working without delays.

To read in more detail about the Inventory app and other features, visit Log-hub's news page here https://log-hub.com/new-inventory-optimization-app/?utm_s....