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Committed inventory and allocation are perhaps the most complex processes to master in the ERP world. But they are critical after a certain point in your growth. If you don't have committed inventory processes figured out, you might not be able to reserve for key customers. Every department may create ad-hoc arrangements to preserve its inventory. And that might result in inventory accuracy issues. But for the committed inventory processes to work, you must have your inventory in order. So, where do you start in your journey of committed inventory? And how to get it right?
In today's episode, we invited a panel of cross-functional experts for a live interview on LinkedIn who brings significant expertise to discuss Committed Inventory and Allocation best practices. We discussed why commitment is inventory and how the commitments might vary in different industries when the inventory may be allocated at the lot or style level. Finally, we discussed complex inventory allocation processes such as available to promise, reallocation, and disassembly after allocation.
For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.
WBSRocks: Business Growth with Enterprise Software and Digital Transformation