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Many firms have invested time and money in a variety of technologies to increase corporate return on investments. These systems have enabled management to make better and more timely decisions, but this has still in many cases resulted in only modest reductions in inventory levels. The ability to quickly reduce such inventories gives management a great opportunity to quickly increase ROI.
Inventory Chain Optimization (ICO) technology is rapidly being introduced to supply chain executives and is resulting in immediate and significant benefits well beyond those expected and received from traditional supply chain systems installations. ICO is a new approach being applied to inventories in the supply chain that employs management sciences and modern information technology to raise inventory service levels up to 99.9%, reduce total operating and financial expenses by up to 50%, and drastically reduce workload. Actual ICO results obtained from a variety of industries indicate that this automated process can be installed quickly and easily into existing ERP and planning systems. This allows for significant benefits to be realized in a fraction of the time required for traditional supply chain improvement projects. ICO achieves what executives require: an automated process that provides optimized inventory management, increased service levels, and ultimately increased ROI.
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