Over the last few decades, technology has driven significant change in consumer behaviour, and manufacturing processes have moved from lean efficiency to agility. With inventory management increasingly linked to competitive advantage and profitability, inventory processes have had to adapt.
The pandemic changed everything, bringing with it supply shortages, increased shipping costs and greater uncertainty. Corporations have reacted by holding higher levels of safety stock, which comes at a cost. Today, balancing the competing priorities of holding just enough inventory to avoid production outages while reducing inefficient capital and storage costs is the central issue in inventory management.
Read Taulia’s whitepaper which sets out how:
Please CLICK HERE to download the white paper.
Timely, incisive articles delivered directly to your inbox.