Inventory management in a volatile world (Insight Report)
In times of economic uncertainty anything that can provide a competitive edge could prove critical to a company’s survival. Understanding supply chains can make all the difference. Effective inventory management requires real-time integration of information from internal sources, suppliers, partners and customers with an eye on past trends and future expectations to enable an organisation to react quickly to sudden changes and therefore meet customer demands. So how well are organisations managing and automating their inventory processes? We report on NCC research which looks at some of the issues (page 4). Experts Chris Turner and Duncan Alexander from Stratabridge explain how tailored inventory management can deliver a competitive advantage (page 12), and case studies from Gist (page 8) and Toshiba Europe (page 16) reveal their experiences.