Supply Chain News

Industry Study looks at Inventory Management as a Critical Function within Omni-Channel Logistics

LEGACY Supply Chain Services and Adrian Gonzalez, president of Adelante SCM, have released the findings from their 2018 research study on inventory management trends within omni-channel logistics, and it's extremely interesting.

Inventory Management Trends within Omni-Channel Logistics

The 2018 research study from LEGACY Supply Chain Services and Adrian Gonzalez, president of Adelante SCM, was conducted in June 2018, compiling input from nearly 100 supply chain professionals in retail, manufacturing, & logistics service provider sectors in the US & Canada.

The research provides key insights into current inventory management challenges & best practices, along with traits of leading companies participating in omni-channel logistics today.

LEGACY and Adelante will release a series of multi-channel thought leadership content pieces on Supply Chain 24/7 over the coming months that expand on the findings from their research.

Mike Glodziak, President & CEO of LEGACY Supply Chain Services

“We talk with customers every day on how to drive cost-to-serve across their varied distribution channels,” said Mike Glodziak, President & CEO of LEGACY.

“We partnered with Adrian Gonzalez at Adelante to get a pulse on challenges other companies are facing today and look at how business leaders are excelling in the world of omni-channel logistics. Those businesses and service providers who understand the ins and out of inventory management and supply chain operations are the ones leading the charge in omni.”

The study concludes that 2 out of every 3 businesses surveyed rate as average or below performers when it comes to omni-channel inventory management.

Key reasons cited include poor inventory visibility across supply chain segments and lack of diligence in using key inventory metrics to manage performance.

”It is clear from the research that success in omni-channel fulfillment is dependent on having strong inventory visibility and optimization capabilities,” said Adrian Gonzalez, President of Adelante SCM.

“It is also clear, however, that many companies are falling short in this area. Looking at what separates the leaders from the laggards provides some insight on how companies can move up the maturity curve.”

“Overall, companies that are leading the way have more real-time visibility to inventory across their supply chain; they have a more detailed understanding of inventory costs, and they predominantly use integrated distribution centers to fulfill both e-commerce and traditional orders,” said Gonzalez.

Download the Research Study

Download Omnichannel Logistics Leaders: Top 5 Inventory Insights

Omni-Channel Logistics Leaders: Top 5 Inventory Insights
Based on data collected from nearly 100 companies actively engaged in retail, manufacturing and logistics services, this research paper has provided several valuable insights ranging from current challenges & best practices, characteristics of companies considered high performers, and opportunities for improvement from companies lower on the omni-channel performance curve. Download Now!

Article Topics
Research   Supply Chain   Inventory Management   Adelante SCM   Adrian Gonzalez   Omnichannel   All topics

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