For most businesses, the supply chain is not only the primary cost but one of the most challenging aspects of running a profitable operation.
Indeed, today’s global supply chain introduces complexities that create challenges across many organisations.
Businesses struggle with how to deploy inventory in the right quantity, location and time, how to react to unplanned events and uncertainty around demand, all of which can create excess or deficient inventory, speculative ordering and more.
The systems created to overcome these challenges can span multiple ERP, CRM and supply chain management tools, making it difficult and inefficient to track and trace products, both internally and across the partner ecosystem.
The common thread between all of these challenges is the lack of inventory visibility. Without a clear understanding of inventory, none of the other parts of the supply chain can operate at their fullest potential.
This ebook examines the role of inventory management in each step of the supply chain and shares best practices for how businesses can use inventory management to optimise operations.