Inventory management is important to many organizations, and finding new ways to improve inventory accuracy can save an organization a lot of money over time. This post will look at data for inventory accuracy. The data presented is taken from APQC’s Open Standards Benchmarking in logistics, and will provide you with an understanding of how your organization compares to APQC’s benchmarks.
Top-performing organizations have a 4 percent higher inventory accuracy than bottom performers, which shows an opportunity for bottom-performing organizations to improve their accuracy.
New software tools have been developed to help tackle inventory management issues and maintenance challenges. Seeking what tools are available and aligned with an organization’s needs is one way bottom-performing organizations can enhance their operations.
Software Advice is conducting its 2013 Computerized Maintenance Management System (CMMS) software survey to identify how the industry uses software in 2013 to tackle major maintenance challenges.
What software has your organization adopted to help improve inventory accuracy?