How-to Guide: Managing Inventory Amid Disruption

Turns out many supply chains are not nearly as secure as once thought.

Starting with the truck driver shortage, accelerated by the COVID 19 pandemic, and pushed forward by the continued warehouse labor shortage, natural or other disasters (ex. Texas winter storm, Suez Canal crisis) and geopolitical events (ex. Brexit, Russia sanctions, etc.) – getting the right goods to the right place at the right time has never been more challenging. As companies have experienced – and continue to experience – disruptions to their supply chains, they’ve adapted.

Companies are focusing on long term supply chain resilience by adjusting their inventory management strategies to better insulate themselves from an unpredictable global supply chain. Here are 5 ways to better manage inventory amid supply chain disruption:

• Transition to a just-in-case inventory strategy
• Implement warehouse automation
• Consider a multi-warehousing approach
• Emphasize inventory visibility
• Focus on inventory forecasting

Download this guide to learn more.