SAP IBP Inventory Implementation by CloudPaths for Efficient Digital Supply Chain Management
Key Takeaways
⇨ Two areas where technology can help make a significant difference are supply chain efficiency and inventory management, both crucial aspects that can have a profound impact on the overall performance of a company.
⇨ SAP IBP helps companies leverage an in-memory capability in the cloud and assists in supply chain planning, demand and supply planning, analytics, and inventory optimization.
⇨ CloudPaths, a leading cloud applications service provider and SAP partner, facilitates companies in all aspects of digital supply chain implementation and management.
In today’s business landscape, it is important for companies to leverage their technology to remain ahead of their competitors, while simultaneously ensuring they meet customer needs. Two areas where technology can help make a significant difference are supply chain efficiency and inventory management, both crucial aspects that can have a profound impact on the overall performance of a company.
Maintaining optimal inventory levels can help reduce unnecessary storage or warehousing costs. However, it is a challenging task to arrive at the correct amount of inventory to hold at each of the various points in the supply chain network given the variability of both demand and supply. Organizations must balance the risk of stock shortages with that of excessive storage cost and obsolescence. With advanced algorithms and prediction models, SAP Integrated Business Planning (IBP) makes efficient inventory management possible, and it saves valuable time.
SAP IBP helps companies leverage an in-memory capability in the cloud and assists in supply chain planning, demand and supply planning, analytics, and inventory optimization. SAP IBP Inventory focuses on inventory planning and optimization by modeling the entire supply chain. This application helps find the correct stock level to reduce total inventory holding cost, while meeting customer service levels.
CloudPaths, a leading cloud applications service provider and SAP partner, facilitates companies in all aspects of digital supply chain implementation and management. To make companies realize the benefits of their supply chain transformation investment, CloudPaths follows a ‘Transform, Innovate and Accelerate’ model. SAP IBP Inventory is usually implemented as part of phase two of this digital transformation process.
“We assist a diverse set of corporations from CPG to retail and manufacturing in the implementation of their inventory optimization process to maximize their customer delivery effectiveness and profits to shareholders,” said Lisa Vincenty, Digital Supply Chain Solution Architect, CloudPaths.
SAP IBP Inventory helps increase customer satisfaction by ensuring that the correct amount of stock is held in the right place and at the right time. Customers do not have to wait to fulfill their requirements and the need for backorders is minimized. The application also provides visibility to data which mitigates risks such as supply chain disruptions. Using SAP IBP Inventory ensures companies are up-to-date and competitive from a supply chain perspective, which is a strategic differentiator to stay on top. The CloudPaths team can help make this a reality.