Building Foundation for Inventory Management
Meet the Experts
Key Takeaways
⇨ Inventory management and optimization remain key focus areas for SAPinsiders, as highlighted in responses to our research survey on this topic.
⇨ There are certain actions that SAPinsiders can take to build foundation for optimal inventory management.
⇨ Defining a robust inventory strategy, leveraging cloud infrastructure, combining visibility with analytics and collaboration with partners are key recommended actions.
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 few recommended actions that SAPinsiders can take to build foundation for optimal inventory management.
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