I came across “
Can you bring costs down through better inventory management?” at Technology Evaluation Centers (TEC). I thought there were some good insights here. The article is timely in that it’s a critical focus for every supply chain management professional today.
I shared a comment at the site and have included it below as well.
### My Comment ###
Good article. At the tail end of the article you very appropriately suggest that the inventory management efforts need to reach beyond the factory walls and to the suppliers supporting the business. What I believe is missing here is the importance of the extended supply chain visibility. It isn’t good enough just knowing that your suppliers have inventory management strategies, but rather that their strategies are directly in line with yours. How much demand and supply disruption flexibility will the current inventory strategies support both theoretically and in reality?
Kerry Zuber is Director, Business Consulting for Kinaxis, provider of the on-demand RapidResponse service that empowers multi-enterprise manufacturers with the collaborative and integrated demand-supply planning, monitoring, and response capabilities.
Effective inventory management requires extended supply chain visibility
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