Many companies keep local inventories close to their customers. Service and maintenance teams require quick access to replacement parts near the intervention location to allow immediate interventions.
Suppliers of high-value equipment need to supply spare parts at record speeds. Distributors and retailers use product availability as a competitive advantage.
Improve the management of field inventories
It is not easy to have the right products in stock at the right place at the right time. The value in each inventory location is small, but the total inventory adds up quickly. In many cases, slow-moving products lead to a lot of obsolescence and heavy write-offs. But shortages are even worse.
Traditional inventory management techniques have shown their shortcomings in this domain. Formulas are hard to understand for non-experts and do not always reflect real-life difficulties. Basic planning techniques rarely manage shelf life and obsolescence risk.
Webinar recording summary
- How to use data analytics to bring actionable insights?
- How to build processes, data, and systems for reliable execution?
- How to include reverse logistics?
