Is Your Inventory Strategy a Bottleneck?
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Key Takeaways
⇨ SAPinsider feel the imperative to upgrade their inventory management and optimization tools and technologies portfolio.
⇨ However, lack of a clear inventory strategy remains a key bottleneck on the path to transforming inventory management and optimization capabilities.
⇨ More than one frameworks need to be combined to formulate an optimal and granular inventory policy.
As supply chain risks increase and businesses become more complex and globalized, inventory management challenges are growing exponentially. Inventory Optimization emerged as a key focus area over the next two years for SAPinsiders in our recent research, Supply Chain Planning in The Cloud. As organizations still struggle with fluctuating demand patterns developed during the pandemic, inventory policies are also evolving. Hence, it is unsurprising that inventory management and optimization remain key focus areas. To understand the perspectives of SAPinsiders in detail, we surveyed
them on inventory management and optimization topics from September 2022 to November 2022. The top challenge that SAPinsiders highlighted, when it comes to transforming their inventory management planning and optimization capabilities, was lack of a clear inventory strategy. In this article, we explore a couple of approaches that SAPinsider can leverage to formulate an inventory strategy.
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