Leveraging S&OP to Adjust Your Inventory Strategy
Inventory optimization is important, but to get the maximum effect across your enterprise, sales and operations (S&OP) need to be part of the process.
In this video, Seth Lippincott, Principal Analyst for Enterprise Applications and Supply Chain Management at Nucleus Research, and Scott Fenwick, Senior Director of Product Strategy at Manhattan Associates, detail the steps to leveraging S&OP to adjust your inventory strategy, including:
- Starting with an optimized demand and supply plan
- Ensuring enterprise-wide input on the plan
- Simulating the business impacts prior to executing changes
- Executing, monitoring and adjusting over time