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How does distrubution-company-software11.site support inventory optimization and demand forecasting to prevent stockouts or overstocking?
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Answer (137)
The software supports inventory optimization by providing tools for setting reorder points, safety stock levels, and performing ABC analysis. It often includes historical sales data analysis and forecasting modules that use algorithms to predict future demand, helping companies make informed purchasing decisions, maintain optimal stock levels, and minimize carrying costs and lost sales.