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In this tutorial on supply chain analytics, we have explored various forecasting models essential for decision-making and planning in the supply chain. In our last session, we introduced the critical topic of inventory management. While it is often studied in the context of standalone entities within operations management, inventory management becomes significantly more complex in interconnected supply chains. Effective inventory management is crucial, as it can greatly impact supply chain decisions. Accurate forecasting provides the necessary input for making informed inventory management decisions, highlighting the interdependence between these two areas.
