Webinar On-Demand: Inventory Management and Optimization Research
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Key Takeaways
⇨ Learn about what are the current pain points SAPinsiders experience that is making them explore the maturity of their inventory management and optimization capabilities
⇨ Explore the business imperatives that SAPinsiders believe inventory management and optimization can help address and the strategies they have formulated
⇨ Understand the portfolio of technology requirements that SAPinsiders believe will help them execute their strategies
Inventory management challenges and supply chain risks are growing exponentially as businesses try to manage the complexities presented by globalization. These challenges surface in the form of unprecedented fluctuations in demand and supply, inventory policies and delivery systems diversity, and geopolitical and regulatory changes. These have only intensified during the pandemic. Unsurprisingly, in SAPinsiders’s recent research, Supply Chain Planning in The Cloud, inventory management and optimization emerged as the key focus area for organizations for the next two years.
Between September and November 2022, SAPinsider surveyed and examined the experiences of businesses and technology professionals from the SAPinsider community related to their overall plans for inventory management and optimization tools and technologies, their investment plans in inventory management and optimization solutions, and their technology roadmap. Our survey was administered to 109 members of the SAPinsider community and generated responses from a wide range of geographies, industries, and company sizes. Respondents completed an online survey and provided feedback through customer interviews that questioned them on topics such as:
- What are some key actions your organization intends to take to execute your inventory management and optimization strategies?
- What top inventory management and optimization tools will your organization invest in within the next 24 months?
- What challenges is your organization encountering in its inventory management and optimization journey?
The research revealed that organizations increasingly realize the importance of visibility in supply chain processes and increased management and optimization to offset inventory risks and challenges. Leveraging inventory visibility for generating actionable insights was a key and consistent theme across responses. 86 percent of the survey respondents indicated that they were either actively transforming their inventory management tools portfolio or planning to do so, suggesting that they realize the importance of inventory management and optimization. However, a lack of a clearly defined inventory strategy and policy (57 percent) was one of the top challenges they experienced in their transformation journeys.
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