In today’s competitive market, recognizing and protecting the value of every link in the supply chain is essential. Often, those who have dedicated their lives to their craft find their contributions undervalued by discounts or overlooked entirely. Industry experts Keith Wright and Mark Gilham join hosts Scott Luton and Billy Taylor to provide the framework and insights needed to ensure that everyone in the supply chain is valued appropriately. Their expertise will help drive behavior, enhance profitability, and rebuild loyalty and trust. Join us to learn: The critical role of value recognition in the global economy and its impact on the supply chain. Strategies to articulate and protect the value of all supply chain participants, ensuring their contributions are never undervalued. How nearshoring, offshoring, and reshoring decisions affect value perception. How to craft clear, comprehensive joint business plans that highlight and recognize the importance of each role within the supply chain. How to leverage technology to maximize the visibility and effectiveness of your supply chain operations.

ERPs are pivotal in streamlining operations; however, not all ERP solutions provide adequate inventory optimization functionality. SMBs need functionality that provides inventory visibility, automated processes to reduce excess stock and avoid stockouts, precise forecasting capabilities, and predictive analytics to minimize supply and demand risks. Customizing your ERP can lead to expensive challenges in the long term, especially when performing automatic upgrades. Consider using best-in-breed inventory solutions from Independent Software Vendors (ISVs) to enhance ERP functionality without unnecessary complexity, ensuring long-term adaptability and efficiency To balance inventory and costs, businesses need to understand what tools are fit for purpose to help achieve inventory optimization, financial success, and market competitiveness.   From this discussion, the audience will have a better understanding of: – The functionality of ERPs – How to assess if ERPs deliver on inventory goals and capabilities – Identify missing gaps for better inventory planning and optimization – What key features to prioritize when selecting an inventory add-on solution – Rearview vs front window when it comes to forecasting and risk in your ERP – How to measure ROI – how best-of-breed solutions like Netstock show ROI when integrated with an ERP