The problem of balancing the right level of inventory-at the right location, at the right cost-is as old as trade itself. But modern pressures such as globalization, e-commerce, and extended, multi-tiered relationships between global trading partners have created many new inventory challenges.
Having excess inventory hurts return on equity and assets by tying up working capital. Inventory shortages, on the other hand, can lead to plant shutdowns, lost sales, and a loss of customer confidence. Inventory is the buffer between supply and demand variability, at multiple nodes in a complex value chain. Managing inventory skillfully has become critical to staying profitable and finding growth opportunities.
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