Risk-Based Inventory Management Strategies
Holding excess inventory increases storage costs, while low inventory leads to stockouts. Risk-based inventory management balances supply chain efficiency and resilience. AI-driven demand forecasting optimizes stock levels. Just-in-time (JIT) strategies reduce waste, while safety stock minimizes disruptions. Warehouse automation enhances inventory tracking. By implementing risk-based inventory management, businesses achieve cost efficiency while mitigating supply chain disruptions.