Rethinking Inventory for 2022 and Beyond

Rethinking Inventory for 2022 and Beyond

This IDC Market Perspective provides insight into inventory for 2022 and beyond. Resiliency and efficiency should be the primary focus of every company as it looks to approach the challenges faced over the past two years as it relates to supply chain disruptions. Methods that were adopted by companies in the past are now causing high levels of complexity and new challenges for companies as they manage supply chain disruptions and impacts. This next normal will require companies to reevaluate their supply chain from end to end, as the just-in-time inventory method might prove to be a challenge now and in the future. According to Roderick Gaines, research director, Warehousing, Inventory, and Order Management at IDC, "Supply chains aren't just physical anymore, they're also digital and there is no one-way approach to inventory management. The correct solution, however, requires an infrastructure that enables goods to be transferred and managed through channels that provide full visibility inside the supply chain. Inventory management is vital for a variety of purposes. It prevents problems associated with excess or not enough product, keeps customer satisfaction high, builds brand recognition, and naturally generates more revenue."

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