Inventory Accuracy: The Struggle With the Fundamentals
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Key Takeaways
⇨ Inventory accuracy is the inventory planning metric being used the most by SAPinsiders.
⇨ This metric corresponds to the fundamental capability of inventory visibility.
⇨ Developing robust visibility is the foundation of any best-of-breed inventory planning capability.
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 discuss why inventory accuracy has emerged as the top metric identified by SAPinsiders in their survey responses.
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