To identify best practices that actually make a difference, we developed an approach that identifies which actions produce better inventory management outcomes.
This approach is based on reviews of hundreds of storerooms and correlating outcomes in terms of inventory levels, stock turns, and stock outs.
Through this lens we are able to gain unique insights into what works and what doesn’t work. Not just what some companies are doing better but what actually makes a difference.
Here is one major finding:
a strong focus on transaction control and physical infrastructure is a ‘necessary but not sufficient’ condition for achieving better inventory outcomes.
