Once, inventory analysis was little more than a rear-view mirror, cataloguing past mistakes in demand forecasts and inventory planning. Today however, says Matthew Scullion of Matillion, although inventory analysis can still help manufacturers to see where their inventory is, how long it’s been there, and where stockouts are occurring, the modern-day reality of inventory analysis is much more exciting than that.
Because with inventory analysis that’s virtually real-time, powered by cloud-based Business Intelligence, manufacturers can turn inventory analysis into a forward-looking tool, not a backward-looking one. The result: less inventory, happier customers, and a factory floor not permanently playing catch-up to correct stockout blunders. Inventory analysis: how we were Years ago, America’s Production and Inventory Control…
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