SYSPRO, a developer of best-of-breed, award-winning enterprise resource planning (ERP) software for on-premise and cloud-based utilization, today announced the availability of SYSPRO White Paper, “Inventory Optimization for Better Supply Chain Management.”
The SYSPRO paper details the importance of efficient inventory management, noting, “Inventory control is a key aspect of almost every manufacturing and/or distribution operation business,” cautioning, “. . . a process of optimization is required to allocate resources in the most effective way to satisfy competing requirements and goals . . . Appreciate that inventory is an asset . . . that can be optimized to make best use of working capital, without adversely affecting customer service levels.”
The paper describes the many forms of inventory, the role inventory plays in different aspects of an organization and the ways a business should approach inventory optimization, both internally and in the supply chain.
