This is helping to move the responsibility to suppliers whilst maintaining buyer control over inventory strategy, creating a collaborative model that benefits both parties through improved cash flow and reduced inventory carrying costs.
Take for example J. D. Irving, whose modern-day operations across the US and Canada span agriculture, forestry, shipbuilding and transportation.
It used Aera Technology’ s tools to receive proactive alerts and recommendations, resulting in quicker rebalancing of inventory.
Aera Technology’ s platform enables companies to continuously monitor and respond to supply and demand changes across the chain. By applying real-time analytics to fluctuating customer patterns, manufacturing shifts and warehousing constraints, firms can avoid the financial drain of overstocking or running short.
Georges Tetegan, Corporate Vice President of Business Transformation at J. D. Irving, explains that even the most robust plans are prone to disruption.
“ Even with the best planning, you can have changes in manufacturing, warehousing capacity or customer order patterns that require continually rebalancing inventory,” he says.“ This demands time and constant attention.”
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