Friday 28th Oct 2016 - Logistics Manager

Stock availability moves up the agenda

Boosting service levels and availability has overtaken stock reduction as UK companies’ chief expectation from inventory management software, according to software house Slimstock.

“Until now, the chief expectation has traditionally been about stock reduction, but last year the thrust appeared to be more about increasing service levels and availability, improving market position and stealing a march on the competition,” said sales director Richard Evans.

“2011 will go down as the year that UK industry came into its own in recognising the clear financial advantages of stock optimisation. It’s been a fact of commercial life in Europe for many years, but this is the year that the pattern has become established in Britain too – which means the UK still has some catching up to do,” he said.