This week’s topic of planning and managing inventories
in supply chain seems to be a major issue for companies in the constantly
evolving market. Due to the volatility of the market companies have to make
sure they can meet the demands of the consumer while balancing their inventory
to prevent any unnecessary costs. The uncertainty in the market is forcing companies
to use sophisticated statistical modeling and extremely accurate forecasting
but a few companies are starting to see that implementing advanced technology
may not be the only method to combat inventory problems. As a result a lot of
companies are revamping their supply chain structures to meet the constantly changing
market needs.
Although the majority of the articles for this week’s
reading were against relying solely on technology; I found a very interesting advertisement
for a firm that promises to use technology along with a company’s current
system to correct their inventory problem. I wonder if programs like ECRS will
help solve the current inventory problem companies are facing?
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.