Inventory Intelligence That Gets Results

Every industry involved with holding inventory runs the risk of building slow-moving and obsolete inventory. Some organizations have created positions with specific responsibilities for managing this under performing asset.

In a recent posting by SupplyChainBrain, consultant Lora Cecere offers three action points to address this universal challenge. The three actions she suggests are:

1. Some excess and slow-moving inventory develops from new product launches. There must be a process in place through S&OP to react quickly to rates of demand change during the new product launch.
2. Disposition processes must be defined and executed in order to move the slow-moving product through the supply chain. The quicker it moves out, the less of a drain on working capital.
3. Understand the form and function of inventory in order to set appropriate stocking levels where and when you need it.

These actions require the use of advanced analytics that can be found in inventory optimization solutions. Our customers can pinpoint excess and slow-moving inventory, and suggest stocking strategies to reduce inventory while achieving targeted service levels.

How effectively are you addressing excess and slow-moving inventory?

Read the full SupplyChainBrain article.

Learn more about inventory optimization from TCLogic.