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        

Disruptions have forced manufacturers to pivot from Just in Time to “just in case.” Manufacturers work closely with partners to better understand threats and opportunities and plan for the worst. But staying close to a larger and more diversified supply base adds complexity and risk. Manufacturers are left building up safety stock or expediting material, crushing profits. To drive transformation that delivers ROI, manufacturers need to be able to connect data across their technology and process silos, analyze that data to develop insights, and then drive action from those insights. Many manufacturers invest heavily in collecting and analyzing but miss the action step. The companies leading the digital manufacturing revolution are tuned into the right data and use it to drive their ongoing operations.   Check out this webinar with our friends from ServiceNow to learn: · Why supply chain innovation could become the biggest competitive differentiator between success and failure in the future · Managing supply chain exceptions in the time of disruption · How to manage large complex supplier logistics and customer ecosystems