Inventory Optimization Can Elevate Supply Chain Efficiencies, Inventory Management, Customer Service, Competitive Positioning, Profit Margins
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.
The paper explains how SYSPRO’s embedded, award winning Inventory Optimization suite is unique in a mid-size ERP system, “enabling mid-size businesses to be more competitive by facilitating materials, cost and cash management.”
The SYSPRO “Inventory Optimization for Better Supply Chain Management” can be accessed here.
SYSPRO has earned the trust of more than 14,500 companies in 60 countries for its suite of visionary software that enhances the competitive thrust of small/mid-sized manufacturers and distributors. The company’s adherence to developing technology based on the needs of customers is among the reasons why SYSPRO enjoys one of the highest customer retention rates in the industry.
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