Inventory Management matches supply to demand by dynamically allocating inventory to where it’s needed the most.
GT Nexus Inventory Management tracks inventory throughout the global supply chain and stores the data in a central, cloud-based network. Companies use it to gain an accurate view of available goods, then match them up with demand. With Inventory Management, decisions on allocation can be pushed to a later date, avoiding build-up of excess inventory in areas where it won’t sell. This greatly reduces the occurrence of excess inventory, higher handling costs, and expedited shipments.
A global inventory dashboard mitigates risk and delivers insight to align supply with demand.
It's the right part at the right time, because you can monitor all the transit. And it shortens lead time. It reduces your variability significantly... Since we've launched this in the last couple of years, we've taken over $250 million dollars out of inventory.
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