| How
can you reduce the cost of carrying inventory while ensuring that
you have what you need where and when you need it?
It’s a
simple matter of Right4 – the right
inventory in the right place at the right time at the right
price!
Right4 begins with more effectively
forecasting your needs.
The implementation of improved demand forecasting analytics
is then followed by instituting comprehensive demand planning and
replenishment strategies that help ensure optimal customer service
levels at an appropriate inventory investment.
Supply
chain optimization through improved supplier relationships including
Collaborative Planning, Forecasting and Replenishment (CPFR), Vendor
Managed Inventory (VMI) and retained consignment can further reduce
inventory carrying costs.
Achieving
supply chain excellence is as much about relationships and processes
as it’s about systems… in fact more so!
Where
are the opportunities to reduce your cost and enhance operational
effectiveness? Do you have the time to realize the benefits?
Source One can help!
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