Pairing Data and Analytics for Inventory Management
Meet the Experts
Key Takeaways
⇨ Data management and integration emerged as a consistent theme impacting visibility and occurred among the top pain points in the current state, as highlighted in the responses to our latest survey on inventory management.
⇨ Analytics is considered an essential ingredient of visibility and hence emerged among many choices regarding requirements that SAPinsiders have in mind to help execute their strategies.
⇨ Combining optimal data management with robust analytics helps build a solid foundation for inventory management.
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. In this article, we explore the focus on combining data management and analytics for optimal inventory management, a theme that emerged in the survey responses.
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