The Network Approach to Inventory Management
Businesses are shifting focus from planning to execution. They've realized that even the best plans fail when you can't execute properly around unexpected events. And unexpected events are common. When it comes to inventory management, planning for optimal inventory levels has been standard operating procedure for years. Despite this, getting the right balance of inventory has proved challenging. Now, technology is helping companies shift inventory management from planning-heavy to execution-driven. The key has been data. Cloud commerce platforms centralize transaction and shipment information in such a way that it's now become possible to manage inventory, end-to-end, across a network.