Inventory is an untapped, cash-rich asset. Most manufacturing companies have installed supply chain systems to manage inventory from production through delivery. But these systems typically focus on transactions. These solutions have the ability to control what happens and provide visibility into the supply chain. But what these supply chain systems are missing is optimization and analytics functionality--that extra logic that drives the supply chain to operate more efficiently and throw off more cash.
Believe it or not, that missing piece can cost a lot.
Source: Industry Week, http://industryweek.com
Enjoy curated articles directly to your inbox.