Traditional inventory management practices are being made obsolete by increasing global supply chains and contract manufacturing, more dynamic product life cycles, and multi-channel distribution.
 
These trends are driving the need for companies to adopt new inventory management technology that better accounts for supply chain complexity and can reduce inventories by 20-30%, while simultaneously increasing customer service levels.
 
Aberdeen conducted a research survey on inventory management technology adoption and ROI across 160 companies. This study confirms that inventory management processes and technologies are being actively re-evaluated by companies today. Nearly two-thirds of respondents say they have made or been asked to provide recommendations in the past six months on how to improve their inventory management technology. Fully, 83% of companies say they have made or been asked to make process recommendations within the past six months.