{"id":42845,"date":"2021-03-26T17:16:00","date_gmt":"2021-03-26T17:16:00","guid":{"rendered":"http:\/\/sticky-highjinx.flywheelsites.com\/?p=42845"},"modified":"2025-03-04T02:39:07","modified_gmt":"2025-03-04T07:39:07","slug":"2021-inventory-optimization-survey-understanding-the-need-to-optimise-inventory-profitability-and-agility","status":"publish","type":"post","link":"https:\/\/envistacorp.techyscouts.dev\/en-au\/2021\/03\/26\/2021-inventory-optimization-survey-understanding-the-need-to-optimise-inventory-profitability-and-agility\/","title":{"rendered":"2021 Inventory Optimization Survey: Understanding the Need to Optimize Inventory Profitability and Agility"},"content":{"rendered":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>\n

Inventory presents a strategic opportunity for retailers to make business improvements that drive significant and far-reaching results across the organisation. Since it ties up the largest amount of working capital for most retailers the ability to manage inventory<\/a> significantly impacts profitability and an organisation\u2019s ability to invest and grow in other areas. \u00a0<\/p>\n\n\n\n

Inventory Challenges Across the Supply Chain<\/strong><\/h2>\n\n\n\n

However, inventory doesn\u2019t just impact finance. It also presents challenges to leaders across the organisation, including customer experience and service, supply chain, transportation, operations, IT, marketing, merchandising and more. In short, inventory must be considered a cross-functional, mission-critical business focus, as it impacts brand credibility, the customer experience, sustainability and brand loyalty.<\/p>\n\n\n\n

Managing enterprise inventory has long been an organisational challenge for companies, but this struggle has been especially visible and painful over the past year, as evidenced by the percent of retailers focused on various inventory challenges (see exhibit).<\/p>\n\n\n\n

Many retailers have struggled with supply and demand volatility and inventory visibility<\/a>, as well as the ability to:<\/p>\n\n\n\n