Seven steps to pick the right IO tool

Inventory optimization (IO) software has a high-impact for return on investment (ROI) as it reduces inventory, freeing up working capital, and boosts service levels, leading to fewer stockouts and increased sales. To make sure that a company purchases the right IO tool for the business from a vendor and gets the desired payback from the investment, a supply chain chief should consider taking the seven steps listed below when selecting this application.