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May 22, 2018
Inventory is an ongoing challenge for companies -- especially inventory that's considered outdated and over-stocked. The issue is caused by a series of unfortunate events, including lack of communication, not applying the true cost of inventory, poor end-of-life planning, lack of visibility, and underestimating the financial impact, as well as the misalignment between consumption and forecasting. Typically, this is a root cause for much of the excess and obsolete E & O inventory problems. E&O is often viewed as a mistake, landing it in the hands of the supply chain. Here are some important issues to consider when evaluating how to deal with E&O inventory.
About the Author
Plex Team
Plex, by Rockwell Automation, is the leader in cloud-delivered smart manufacturing solutions, empowering the world’s manufacturers to make awesome products. Our platform gives manufacturers the ability to connect, automate, track and analyze every aspect of their business to drive transformation. The Plex Smart Manufacturing Platform includes solutions for manufacturing execution (MES), ERP, quality, supply chain planning and management, Industrial IoT and analytics to connect people, systems, machines, and supply chains, enabling them to lead with precision, efficiency and agility.
