solutions inventory management software

Limited Supply Chain Visibility Hampers Inventory Management

As supply chains have become more globally distributed and complex, the number of places that inventory can reside has gone up as well. Making matters worse, most supply chain organizations lack sufficient supply chain visibility to ensure they have an accurate understanding of what inventory they have where at any point in time. This is complicated by the fact that much of a manufacturer's inventory resides at partner sites through the supply chain. But, truth be told, many organizations lack sufficient visibility into the inventory in their own sites, let alone their partners sites. Not having visibility to the inventory across the supply chain also greatly reduces the ability of a company to determine alternative courses of action to satisfy demand.

To address these issues, effective inventory management software needs to ensure that the right amount of inventory is in the right place at the right time. But, inventory policies and strategies cannot be made in a vacuum, as inventory is an essential component of a holistic supply chain management strategy that balances customer service and operations performance objectives.

Effective Inventory Management Software Strikes the Right Balance

Given the volatility and complexity of today's supply chains, striking the right balance between customer service and operations performance objectives is the goal of any inventory management software. Ensuring the right inventory is in the right place at the right time while striking the right balance is not a static inventory optimization problem.

Kinaxis™ RapidResponse™ recognizes that we no longer live in a static world and ensures the right adjustments to inventory are made every day. RapidResponse changes the paradigm from inventory control and inventory management to avoiding creating unnecessary inventory in the first place. RapidResponse delivers the supply chain visibility needed to always know where your inventory is and provides integrated supply/demand information to replace uncertainty with actionable knowledge.

Instead of just pulling the trigger on expediting new or transferring existing inventory to solve a customer issue, supply chain managers use RapidResponse to quickly model any proposed actions to ensure it is in the best interest of the organization. Supply chain managers have instant insight to see if their actions would affect margins, other customers, and other key performance indicators (KPIs) critical to your operations performance goals.

Effective inventory management software like RapidResponse was designed for today's highly dynamic world where supply chains are globally complex and rapid course corrections are the norm. The right inventory software can strike the right balance to drive inventory reductions while meeting customer satisfaction requirements.