Data Management for Robust Inventory Management
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Key Takeaways
⇨ Underlying data is the foundation of any robust inventory management and planning system.
⇨ Data quality and silos hence have a big impact on the sub-optimal performance of inventory management and planning systems in organizations.
⇨ Effective data management, data quality enhancement and data integration is hence therefore a priority for SAPinsiders.
SAPinsider will publish a benchmark report on Inventory Management and Optimization in November 2022. There could not have been a better time to conduct research focused only on inventory management and optimization. Why so? Well, the first aspect, which is not surprising to any of us, is the immense focus on supply chain and inventory management that we have seen in the last couple of years. As it applies to critical industries, inventory management is even being discussed in the White House. So that provides an excellent opportunity to explore this topic, to get more insights on this topic for executives so that they can leverage that to harness the energy that has built around transforming inventory management, put it to better use for getting funding, through getting business cases approved and, using that energy positive momentum to transform their inventory management process. In this article, we will explore an interesting insight that has emerged from the survey responses for the research that we have received so far. We will explore why SAPinsiders believe effective data management is key to developing robust inventory management capabilities.
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