We all know how wild the inventory picture has been during the recession.
In 2009, companies worked very hard reducing inventory levels to improve cash flow and positively impact company financials. There was the expectation that order fill rates would be negatively impacted as shortages and stockouts became prevalent. But the reality is just the opposite – order fill rates actually improved.
It’s beneficial to get feedback from different industries and market segments to understand what the full picture is on finished goods inventory. What performance metrics are being used? How was customer service impacted? And who is setting inventory targets these days?
To answer these questions and more, the Tompkins Supply Chain Consortium recently completed the Finished Goods Inventory Hot Topic Report, based on a survey of top retail, manufacturing, and consumer products companies.
This report has been receiving a lot of attention, and we’re working on targeting how this type of inventory is impacting the automotive, consumer products, retail, high-tech, food and beverage, and pharmaceutical industries.
Today, I would like to focus on finished goods inventory in consumer products. If you’d like an overview of all industries, download the full report.
Go!Go!Go!
Jim
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