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The role of inventory management and inventory optimization in ERP

SYSPRO Smarter ERP

Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. As an asset on a company’s balance sheet, reduced inventory results in a higher return on assets.

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Supply Chain AI Strategy: Navigating Apparel Industry Complexities

Logility

Navigating the $5 trillion North American apparel market requires precision, especially when dealing with the intricate complexities of forecasting and inventory management. This approach is significant, especially considering a Deloitte survey that found 79% of companies with efficient supply chains see better revenue growth.

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How manufacturers and distributors can improve inventory management

SYSPRO Smarter ERP

Complete halts result in backlogs and delays, which will impact warehouses and more importantly, their inventory management. Inventory takes many forms, ranging from raw materials to finished goods. Inventory exists because a buffer is needed to balance out the uncertainties between demand and supply. Survey findings.

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2023 Mid-Year Check-In: Current Status of Supply Chains and What’s Next?

Logistics Viewpoints

It introduced the survey we had just launched to determine the perceptions, priorities, and strategic initiatives of today’s supply chain and logistics executives. This post was subsequently followed by two articles that discussed some of the findings from the survey. And they must be capable of adapting to various demands.

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Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

At the session, we discussed why companies have not made more progress on inventory management. The presentation is on slideshare.) In the case of Apparel and Automotive industries there are slight improvements, but they have shifted inventories to suppliers. Days of Inventory Pre and Post-Recession. It is not one issue.

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When SMBs Hit the Inventory Planning Complexity Wall

ToolsGroup

Inventory planning is especially important to small-to-midsize businesses (SMBs). Nobody wants to tie up more working capital than necessary in inventory, but SMBs typically have leaner resources, and a higher cost of capital means it’s more expensive to fund excess stock. Yet for many SMBs, inventory complexity is getting worse.

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Top Takeaways from RFgen’s 2022 Digital Inventory Report

RFgen

Supply chain professionals from diverse industries shared their current inventory management efforts, challenges, and future plans in our newly released annual Digital Inventory Report. You can also read on for a snapshot of the data and insights gathered and presented in the report. Who We Surveyed.