How To Optimize Inventory With All the Variables in Play
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Key Takeaways
⇨ We live in times of continued uncertainty on lead times, increased costs (labor, sourcing, and transportation), and various geopolitical disruptions.
⇨ The leadership, talent, and innovation of the business operations team will play a key role in improving supply chain transparency and overcoming these challenges.
⇨ Harnessing data better and extracting insights across your demand, supply, and inventory operations will help reduce inventory investment, improve working capital use, improve customer satisfaction, and increase revenue.
Optimize Inventory Cost reduction and managing risks are two of the top three essential priorities for supply chain managers across the board, perhaps behind only supporting top-line growth. Inventory is one area in which cost reduction and risk management are critical to better financial results. How much of your company’s working capital is tied up...
