{"id":2784,"date":"2019-12-02T12:27:22","date_gmt":"2019-12-02T12:27:22","guid":{"rendered":"https:\/\/the7.io\/company\/?post_type=dt_portfolio&#038;p=2784"},"modified":"2022-08-21T15:49:39","modified_gmt":"2022-08-21T15:49:39","slug":"inventory-balancing","status":"publish","type":"dt_portfolio","link":"http:\/\/mktwiseanalytics.com\/?dt_portfolio=inventory-balancing","title":{"rendered":"Inventory Balancing"},"content":{"rendered":"<p>[vc_section][vc_row][vc_column]<div id=\"ultimate-heading-90266a1a22d46944b\" class=\"uvc-heading ult-adjust-bottom-margin ultimate-heading-90266a1a22d46944b uvc-4323  uvc-heading-default-font-sizes\" data-hspacer=\"no_spacer\"  data-halign=\"left\" style=\"text-align:left\"><div class=\"uvc-heading-spacer no_spacer\" style=\"top\"><\/div><div class=\"uvc-sub-heading ult-responsive\"  data-ultimate-target='.uvc-heading.ultimate-heading-90266a1a22d46944b .uvc-sub-heading '  data-responsive-json-new='{\"font-size\":\"\",\"line-height\":\"\"}'  style=\"font-weight:normal;\"><\/p>\n<h2 style=\"text-align: center;\">Inventory Balancing at a Car Rental Company<\/h2>\n<p><\/div><\/div>[vc_empty_space][vc_column_text css=&#8221;.vc_custom_1661096976680{padding-bottom: 30px !important;}&#8221;]<\/p>\n<p class=\"p1\" style=\"text-align: left;\">How many automobiles of each type to stock at each rental location?<span class=\"Apple-converted-space\">\u00a0 <\/span>Is there a fundamentally different way of operating and optimizing inventory?<span class=\"Apple-converted-space\">\u00a0 <\/span><\/p>\n<p class=\"p1\" style=\"text-align: left;\">In this project we analysed the country-wide inventory policies of a U.K rental car company and formulated a model and implemented a proof-of-concept of demand forecasting by location and optimal stocking of inventory that takes rebalancing costs into consideration. <span class=\"Apple-converted-space\">\u00a0 <\/span>We proposed an innovative solution of mobile inventories that can better service customers and showed its benefits using a simulation model.<span class=\"Apple-converted-space\">\u00a0 <\/span>The company eventually adopted our recommendations.<\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ut elit luctus nec ullamcorper.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","dt_portfolio_category":[28],"dt_portfolio_tags":[],"_links":{"self":[{"href":"http:\/\/mktwiseanalytics.com\/index.php?rest_route=\/wp\/v2\/dt_portfolio\/2784"}],"collection":[{"href":"http:\/\/mktwiseanalytics.com\/index.php?rest_route=\/wp\/v2\/dt_portfolio"}],"about":[{"href":"http:\/\/mktwiseanalytics.com\/index.php?rest_route=\/wp\/v2\/types\/dt_portfolio"}],"author":[{"embeddable":true,"href":"http:\/\/mktwiseanalytics.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/mktwiseanalytics.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2784"}],"version-history":[{"count":21,"href":"http:\/\/mktwiseanalytics.com\/index.php?rest_route=\/wp\/v2\/dt_portfolio\/2784\/revisions"}],"predecessor-version":[{"id":4190,"href":"http:\/\/mktwiseanalytics.com\/index.php?rest_route=\/wp\/v2\/dt_portfolio\/2784\/revisions\/4190"}],"wp:attachment":[{"href":"http:\/\/mktwiseanalytics.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2784"}],"wp:term":[{"taxonomy":"dt_portfolio_category","embeddable":true,"href":"http:\/\/mktwiseanalytics.com\/index.php?rest_route=%2Fwp%2Fv2%2Fdt_portfolio_category&post=2784"},{"taxonomy":"dt_portfolio_tags","embeddable":true,"href":"http:\/\/mktwiseanalytics.com\/index.php?rest_route=%2Fwp%2Fv2%2Fdt_portfolio_tags&post=2784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}