The pressure to reduce inventory and inventory-driven costs is being felt by manufacturing companies across the globe. Supply chains are becoming harder to manage, and the effects of globalization are being felt by both manufacturing and distribution companies alike. The pressure from consumers for companies to always have products in stock is beginning to take a heavy toll on manufacturing companies. Due to the increasing demand for product availability, manufacturers and distributors are upgrading their stock-keeping policies and rolling out new product introductions to keep up with the ever-increasing demand. As a result, many companies are looking to implement inventory management strategies (as well as inventory management software) designed to reduce costs and improve inventory efficiency.
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