How can companies improve working capital, finding the right level of inventory to balance supply and demand, while dealing with volatility and uncertainty on all sides of the equation? Most supply chain practitioners are familiar with the standard inventory formulas to set replenishment policies based on supply lead times, demand volatility, forecast accuracy, and desired service levels. However, influencers in the company, beyond supply chain, play a part in the role of inventory for achieving a firm’s strategy. The sales team wants an advantage over the competition. A company’s cash cycle creates constraints or opportunities. A holistic inventory strategy encompasses these dimensions and more.
In this webinar, we discuss a number of dimensions that creative companies of all sizes can master to manage inventory challenges:
- Business Model and Supply Chain Structure-What is the best division of responsibility and ownership across the chain?
- Product Characteristics-The configurability, lifecycle, and velocity of products have a huge influence on determining the right inventory strategy.
- Trading Partner Relationships-Agreements and relationships with suppliers and channel are critical.
- Risk Management-Techniques for managing risk are becoming much more sophisticated. These are a crucial part of the answer.
- Visibility and Technology-Technology plays a huge role … but which are the right solutions for your business?
- Strategic Performance Alignment-Day-to-day decisions make all the difference in inventory policy. These must be aligned to achieve corporate strategy and performance goals.
Whether you are an SMB or a F500 company, this webinar will help you improve your inventory management performance, and hence your corporate performance.
Speaker: Bill McBeath, Chief Research Officer, ChainLink Research