Technology Strategies for Closed Loop Inventory Management

Jan 27, 2009 in Industrial & Manufacturing

Find out how best-in-class companies are using closed loop inventory management techniques to improve performance, processes and metrics.
For manufacturers and distributors, inventory continues to be the lifeblood of supply chains, especially when the economy tightens. Properly managed, it drives revenue and efficiency for companies by reducing working capital and simultaneously increasing customer service. By following the principles of closed-loop inventory management, best-in-class companies are able to continuously optimize their inventory throughout their supply chain to improve customer service levels, forecast accuracy and perfect order metrics.

In this research report, the Aberdeen Group shares the results from their recent research and recommend actions that manufacturers and distributors can take to implement a closed-loop process — and improve their service levels, forecast accuracies and perfect order metrics. The report also examines how key capabilities can serve as enablers of top performance:

Inventory segmentation
Demand pattern analysis
Global inventory visibility
Event management
Multi-echelon strategies

By reading this report, you will gain insight into how you can assess your business processes, organization and technology and how you can integrate demand analysis, inventory optimization, replenishment and visibility into a consistent process within your organization.