6 Keys to Exceeding Expectations with Inventory Optimization Initiatives

Inventory optimization is a proven vehicle to gain competitive value through reduced buffer stock, freed-up working capital and improved service levels. Leading the inventory optimization initiative in your organization requires more than an appreciation for its enormous cost savings and customer service improvements—it helps to put in place six crucial success-drivers.

Building executive support and creating a shared understanding of the supply chain with inventory-related KPIs visible among business units, learning your organization's planning processes, enforcing accountability with planners, taking advantage of the fact that inventory optimization solutions do not require massive integration projects, providing flexibility to use data from multiple platforms or systems and factoring in the global nature of your business to select a technology that can reliably reduce end-to-end inventories across functions and facilities.