Upcoming Webinar: How to Boost Your Bottom Line: Achieving Greater Profits with Automated Inventory Optimization

Intuition tells us that an inventory item with 65% gross margin, everything else being the same, should have a higher service level/safety stock than one with 10% for the sake of maximizing profit. However, traditional methods fail to quantify exactly how much the service levels/safety stocks should differ between these items. This causes companies millions of dollars in lost profits every year.

Our proprietary Safety Stock Price Model, developed by Dr. Jay Zhou, solves this issue. The model accurately calculates the ideal service levels and safety stocks based on your products' gross margins. For the above example, it prescribes service levels of 99% vs 92% and safety stocks of 282 vs 170 units for the 65% vs 10% margin items (see the picture below). By optimizing service levels and safety stock in this way, your company's profit is maximized - exactly what you and your executives want!

Join our free webinar tomorrow at 9am ET to learn how our algorithm can boost your bottom line through smarter inventory optimization. Dr. Zhou will explain why traditional methods fall short and how our patented approach is the true path to greater profits. Register now here for "How to Boost Your Bottom Line: Achieving Greater Profits with Automated Inventory Optimization" on Wednesday, November 1st at 9am ET

Upcoming Webinar on How to Boost Your Bottom Line: Achieving Greater Profits with Automated Inventory Optimization

Upcoming Webinar on How to Boost Your Bottom Line: Achieving Greater Profits with Automated Inventory Optimization -Why Traditional Methods Fall Short and How Our Algorithm is the True Path to Financial Success
Will be delivered by Dr. Jay Zhou on Wednesday, November 1st 2023 - 9:00 PM (EDT). Please register here

Safety Stock Cost Model by Friesian Analytics

Whether you're an online retailer, a brick-and-mortar store, a manufacturer, or any business that maintains inventory, determining the right service levels — which inform safety stock levels — can have a significant impact on your profitability. Traditional methods like ABC analysis may fall short in ensuring the most profitable outcomes for your inventory.

Enter Dr. Jay Zhou, founder of Friesian Analytics, who has pioneered the Safety Stock Cost Model. This approach considers all costs that influence the profitability of a specific inventory SKU. The ultimate goal? Identify the service level or safety stock at which total costs are minimized, maximizing profitability in turn. For a deeper dive into the Safety Stock Cost Model, watch the accompanying video where Dr. Zhou elucidates the model in a past webinar.

Interested in leveraging Dr. Zhou's groundbreaking concept for your inventory management? Subscribe to our online tool, PeakProfit, which is built upon this very idea. With our free plan, you'll get 20 assessments every month. Get started immediately with our user-friendly web application to maximize inventory profitability through tailored optimizations.

For deeper integration, our API enables directly calling the optimization engine from your existing apps and systems. Support for Python, JavaScript, R, and other languages facilitates seamless implementation with minimal coding. Need more? Inquire about our paid plans by emailing us. Don't miss out on optimizing your profitability!

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