Increased Emphasis on Inventory Management, According to New Study

June 16, 2009, 2:39 pm

According to Aberdeen Group’s new report – Inventory Management: 3 Keys to Freeing Working Capital - the top action companies have taken in response to the recession is inventory reduction. In the report, 91% of 137 executives surveyed indicated that they are re-evaluating inventory management, and 61% said that they are looking at inventory technology enhancements. The report gives three “steps to success” that companies can take to manage their inventory more efficiently: 1) Segment finished goods inventory based on financial performance. 2) Move away from “rule of thumb” inventory target settings. 3) Integrate inventory target settings into S&OP meetings.

Aberdeen is offering a free copy of the report to those who register here before July 31. After that date, the report will be available for purchase here on Aberdeen.com.