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Inventory Management Breakthrough: A New Approach To Measuring And Reducing Inventory Exposure In The Supply Chain

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Executive Summary

The first and most fatal flaw is that inventory is a post-performance metric. In other words, companies only recognize that there is a problem once they have the inventory on hand. By then, it is often too late to remedy the situation. The second flaw is a function of today's modern supply chain, which is outsourced and extends to multiple companies. Just in time inventory and similar strategies enable companies to delay when they take inventory, so the numbers are artificially low. While there are fewer inventories on the books, there is not necessarily less inventory risk.

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