Inventory management is not a new activity in the business world; however it has got tougher than ever before in the age of big data. In fact, we are on the verge of a major transformation in the way inventory is managed. With the availability of the huge amounts of data that is generated by smart products and connect systems, manufacturers are facing many new challenges that cannot be easily solved by paper invoices and even spreadsheet documents.
Data science can make a huge difference in inventory management system – more than you may think. Advanced machine learning techniques and optimization algorithms can help you make the most of available data and empower your people to respond to product demand faster.
Webinar agenda
- Traditional inventory management in manufacturing
- Limitations of traditional inventory management practices
- Problems manufacturers face with traditional inventory management
- What is Smart Inventory Management and how it overcomes the challenges that manufacturers face
- Real-life examples and use cases
- Core elements of this paradigm shift - Data Science and Machine Learning
- How to get started
- Q&A
Register at: http://bit.ly/2c48rXx