According to “Gartner’s Future of Supply Chain: Crisis Shapes the Profession” report, 43% of suppliers are investing in safety stock now with another 11% planning to do so within the next two years. For today’s suppliers, the ability to anticipate the evolving global supply chain is critical to business success. Moving away from outdated traditional inventory management practices, the path to a profitable future requires the need for on-demand forecasting, predictive business intelligence and flexibility.
With the ever-changing retail landscape, controlling product inventory has risen to the top of major company agendas. In the past, suppliers maintained a steady level of inventory because competition was low. Now, with more competitors and a growing market at retail, suppliers of all sizes need to seize the opportunity to deliver against fluctuating demand by keeping targeted inventory in-stock and on store shelves. With today’s high consumer expectations, rapid shift to e-commerce, and significant supply chain disruption, optimizing inventory has never been more important.
Insights and perspectives for today’s supply chain leaders.
With today’s complex freight market, there’s never been a more critical time for business leaders to leverage retail logistics strategies that allow them to pivot quickly. Read More
Managing inventory at multiple warehouse locations across the region is challenging and can make product tracking and inventory planning a complicated feat for small- to mid-size CPG suppliers delivering to retail. Read More