By implementing proactive OSA practices, manufactures can prevent tomorrow’s loss through a scalable, repeatable, collaborative, and cost-effective process. Implementing OSA can lead to a 2-3 percent sales increase for manufacturers due to the prevention of OOS. To support these practices, manufacturers and retailers should consider upgrading legacy SCM systems to one that is flexible enough to meet business needs.
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Taking these steps will improve efficiency throughout your supply chain network by eliminating data silos and giving you access to accurate data, arming you to make demand-driven decisions and implement or increase your VMI program. With the availability to fully meet consumer demand, retailers and manufactures realize a decrease in OOS–while increasing both customer satisfaction and profitability.
Gogos is vice president of marketing and sales engineering for Neogrid North America, a global technology provider of end-to-end supply chain management solutions. Reach him at firstname.lastname@example.org.