Are these some of the issues you’re tackling today?
Welcome to modern-day manufacturing: more outsourcing, more trading partners, more competition—and at the same time, less control, less cash, and shorter product life cycles. This combination of factors has quickly exposed the shortcomings of traditional inventory management programs. With limited to no connectivity across external suppliers, many enterprises today run the constant risk of revenue loss from stockouts or inventory write-offs. After all, suppliers, manufacturers, and distributors working in isolation have no clear view of how much the market is demanding of your product or how well the rest of the supply chain is performing. Consequently, they are unable to “sense and respond” to potential upsides or disruptions in the supply network.
An effective inventory management system must be “end-to-end” capable to be competitive. The days of relying on inventory you can touch on the shelf are long gone. Global manufacturing in most industries has moved towards lean production and inventory systems that require precise replenishment information to keep the supply chain operating at peak performance.
Customers now routinely measure perfect order performance to determine which suppliers are capable of responding with speed and flexibility demanded of an online supply chain. Today’s best-in-class supply chains are successful because they provide access to real-time inventory information as it occurs; shipments, receipts, pulls, and stocking levels enabling companies to make time-sensitive decisions and improve customer fulfillment.
E2open offers the only production-proven solution capable of developing and managing successful vendor- or supplier-managed inventory programs in partnership with your entire supply base. The solution provides any-to-any connectivity via a cloud-based platform, and enables automated execution of all VMI processes across suppliers, logistics providers, and customers. It also assures a high level of product availability while maintaining lower inventory levels by synchronizing consumption and replenishment cycles. Using E2open Network Response Planning capabilities further reduces inventory by dynamically adjusting future lot sizes to meet projected demands.
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