April 07, 2023 | Inventory Management Software
Enterprises face a growing list of challenges when it comes to managing rising costs in an inflationary environment, with the risk of recession churning an already-turbulent marketplace. In this situation, businesses must optimize their working capital to preserve the flexibility to adapt to inflation-driven pressures, while enhancing supply chain resilience and efficiency.
One way to do that is by optimizing inventory management to reduce the costs of holding excess stock. The right inventory management system can enable enterprises to lower costs, improve service levels and increase efficiency.
However, managing inventory is a complex task for global supply chains that handle large volumes of products or multiple suppliers and partners.
While outsourcing supply chain services like contract logistics and managed transportation services is quite common, outsourcing inventory is a new model where a supply chain services firm and a partner work together to finance and hold inventory for companies.
GEP’s Total Inventory Management Solution in partnership with Eliant Inventory Solutions simultaneously reduces costs and mitigates risks in the supply chain by taking the pain out of inventory management.
The partnership-driven solution buys and holds inventory for businesses and works with logistics providers to deliver products where and when they’re needed. By doing so, your business frees up working capital that would otherwise be tied up in inventory carrying costs.
By leveraging the expertise of a third-party provider that offers not just technology but consulting and managed services, enterprises gain access to greater expertise, managed services and the latest advances in supply chain software – taking the headaches out of inventory management and enhancing supply chain resilience by improving end-to-end visibility through a modern platform.
The partnership between GEP and Eliant offers companies:
Leveraging multi-enterprise collaboration is a critical capability for businesses to ensure their supply chains are resilient and adaptable to changing signals in today’s market.
The partnership between GEP and Eliant Inventory Solutions provides companies with a multi-enterprise supply chain collaboration network (MCSN) that enables visibility and collaboration for seamlessly managing inventory.
Companies can get the benefits of both a just-in-time and a just-in-case supply chain model, with greater agility to respond to short-term demand signals, reducing operational risk without incurring the added costs of maintaining safety stocks.
Want to learn more about the GEP Total Inventory Management Solution?
Download our bulletin, Cost Efficiency and Risk Management Through a New Kind of Supply Chain Model, available on our Knowledge Bank.