ERP CHANGE MANAGEMENT
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How is the ROI of Inventory Optimization measured?
Inventory optimization systems add value by recovering profit from inventory in the following areas:
- Increased profitability by avoiding markdowns and obsolescent write offs.
- Lowered working capital cost of holding excess stock through redistributing excess
- Better purchase order management
- Better cost management associated with space utilization, both at warehouses and stores.
- Lower transportation costs through network planning
- Eliminating excess stock by accurate forecasting of demand
- Increased customer service levels
- Improved product mix
- Dynamically reduced safety stock and therefore holding costs.
- Lost sales reduced.
- Slow moving items treated accordingly.
- Exception management and event management
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