Inventory can either be a source of competitive advantage or crippling costs for today’s supply chains.
The challenge for inventory managers is to reduce excess inventory (which ties up working capital and drives up costs) to the lowest levels possible, while avoiding stock-outs (which lead to poor delivery performance and customer service).
Given the unpredictability and complexity of customer demand and product supply capabilities, effectively managing inventory – to minimize costs and risk exposure and maximize efficiency, profitability, and customer satisfaction – is an extremely challenging task that requires superior supply chain visibility and inventory optimization.
Lacking these capabilities, many companies struggle to align inventory replenishment decisions with orders, forecasts and customer service level targets, resulting in:
To achieve a perfect state of equilibrium between inventory costs and customer service level requirements, a growing number of companies are turning to intelligent solutions to optimize inventory decisions.
ICRON Inventory Planning (IP) gives companies the capability to:
With ICRON IP, companies can achieve inventory optimization, transforming inventory management from a source of potential costs and risk in their supply chain into a key driver of service excellence and revenue growth.