Chief Supply Chain Officers are addressing inventory challenges in their organizations
👔 Chief Supply Chain Officers are addressing inventory challenges in their organizations.
Bill Benton, the co-founder of Gains, highlights the reasons why planning processes often fail to effectively address inventory challenges. One major issue is the reliance on outdated and simplistic methodologies in inventory policy, which do not consider factors such as cost, supply variability, or demand forecast variance. Additionally, there is a lack of consideration for the complex interdependencies within supply chains, both upstream and across multiple tiers of distribution.
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Costco, the membership-only warehouse chain, has significantly expanded across the U.S., boasting over 600 locations.c