As clear from Figure 1, the lack of a proper supply chain strategy is the number one challenge that SAPinsiders are facing. It is therefore, imperative that a robust inventory plan is developed before embarking on this journey. And a good framework to leverage is the strategy continuum framework shared in 
However, for developing an inventory strategy, this framework alone may not be sufficient, considering the granularity requirements of the strategy. The need, therefore, is to combine this framework with a framework like the inventory management expertise, detailed in this article. The components of inventory expertise have been shown in Figure 3.
Carefully combining these can help SAPinsiders develop a robust inventory strategy that will eventually help them attain their desired inventory management capabilities.
Is Your Inventory Strategy a Bottleneck?
Meet the Experts
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.
Membership Required
You must be a member to access this content.
Premium
