26.5% of the respondents thought that they could improve their inventory management by15 days or more and 79% of them could reduce their inventory by at least 5 days representing significant improvements in cash flow and working capital reduction for these firms.
More than 24% of the companies mentioned Inventory Management as a top supply chain priority and another 52% expressed that it was extremely important.
70% rated themselves as just average or below in process maturity for managing inventory across full network.
It is quite evident from the survey that the companies have understood the importance of reducing network inventories. Then, what is stopping them from making such improvements? According to this survey, 56% of respondents expressed their inability to optimize the network holistically as a huge barrier.