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Technology Strategies for Closed Loop Inventory Management - Link

Author: Nari Viswanathan

Inventory has been and continues to be the lifeblood of supply chains, especially in times of economic difficulties. Properly managed, it drives revenue and efficiency for companies by, for example, reducing working capital with fewer inventories in stock while simultaneously increasing customer service levels. Aberdeen benchmarked the people, processes, technologies, and metrics associated with inventory management in March 2008. Over 200 companies took part in the survey. Inventory management has become a mainstream planning activity with 58% of companies indicating that they have had an initiative in place for more than two years.

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