Inventory Planning Blog
Ever hear the phrase, "time is money?" Well, time is money and spending time counting widgets and updating them on your spreadsheet is costing you a pretty penny (or many, many pretty pennies). And what's worse, it's not possible to update every single item on your spreadsheet (even more impossible if you have several locations), meaning your data is out of date and you most likely have dead AND excess stock - costing you even more.
In our final installment of our series on The State of Inventory Planning, we explore the results of inventory planning and optimization solutions. Companies that implement these solutions often find the results surprising. Many thought their old Excel spreadsheets were doing a fine job, only to discover a whole new world of information at their fingertips, allowing them to make informed decisions that really do affect the bottom line!
In our fourth installment in our series, we explore ways to improve replenishment planning.