On a day-to-day level, virtually no issue is more important to the success of a business than effective inventory control.
Document Highlights
To remain in business, companies must be able to supply their customers with the products they want, when they want them, and how they want them.
This briefing captures the key learnings from an in-depth discussion of inventory management issues and outlines the broad advantages of effectively managing inventory.
There are three key areas to focus on. These are:
- increasing the flexibility in the supply chain,
- using information systems to anticipate demand surges, and
- increasing forecast accuracy by ensuring better accountability.
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