Are Your Inventory Management Practices Outdated?
articles/2005/03/31/860-are-your-inventory-management-practices Ed Holden Mar 31, 2005 Forecasting, White Papers
Traditional inventory management practices are being made obsolete by increasing global sourcing and contract manufacturing, more dynamic product life cycles, and multi-channel distribution. These trends are driving the need for companies to adopt new inventory management technology that better accounts for supply chain complexity and can reduce inventories by 20-30%, while simultaneously increasing customer service levels.
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