|By Business Wire||
|April 16, 2014 02:30 PM EDT||
As supply chain teams fundamentally rethink inventory strategies and the volume and variety of data complicates decision-making, Orchestro promotes a new guide authored by Chief Data Scientist Matt Waller as part of its mission to invent the future of analytics in consumer packaged goods (CPG) and retail.
Available now, The Definitive Guide to Inventory Management: Principles and Strategies for the Efficient Flow of Inventory across the Supply Chain (Pearson) is the first book of its kind to ground inventory strategies in today’s practical realities of consumer buying behavior.
Consumer goods teams today face ever-shrinking windows to react to consumer demand, mounting pressure as online retail giants move to fulfill promises of same-day delivery and dramatically more SKUs. This environment is driving a sea-change in how inventory is held and distributed across global supply chains.
“Inventory management guides from just a decade ago could never have anticipated today’s pace of change, or the richness of available data to predict demand,” said Waller. “Supply chain teams today need better models and analytical skills to hit the sweet spot between lean inventory and sky-high consumer expectations.”
Demand-analytics provider Orchestro helps the world’s largest consumer brands make sense of thousands of synchronized data points, tune complex supply and distribution networks and improve on-shelf availability.
Waller also serves as Chair of the Science Network, Garrison Endowed Chair in the Walton College Supply Chain Management Department at the University of Arkansas. His work at the University of Arkansas, the epicenter of retail supply chain research, is unsurpassed for applying data resources to real-world applications.
Co-authored by Terry Esper, Associate Professor for the Department of Supply Chain Management and holder of the Oren Harris Endowed Chair in Logistics at the University of Arkansas, the book becomes core curriculum for the Council of Supply Chain Management Professionals’ (CSCMP) criteria for its SCM Pro certification.
The CSCMP is the preeminent worldwide professional association dedicated to the advancement and dissemination of research and knowledge on supply chain management. With nearly 10,000 members representing nearly all industry sectors, government, and academia from 67 countries, CSCMP members are the leading practitioners and authorities in the fields of logistics and supply chain management.
Orchestro correlates big data to reveal patterns, trends and anomalies that provide insight into consumer goods to shape decisions for competitive advantage. Please visit www.orchestro.com and @Orchestroinc for more information.