COVID-19 disrupted manufacturing processes on a global scale, with unpredictable customer demand and headline-making critical shortages. On top of that, unexpected disruptions like the Suez Canal exposed the need for a more resilient supply chain. In 2021, manufacturers have been forced to take a hard look at their inventory management best practices and workflows as they try to weather the Perfect Storm. So, how can manufacturers remain successful and competitive through such instability?
In the April 2021 IndustryWeek webinar titled, “Going Beyond ‘Status Quo’ Supply Chains,” Ingersoll Rand’s Paul Aram, LeanDNA CEO Richard Lebovitz, and industry analyst Bob Ferrari, shared their thoughts on the next big thing in execution-based inventory management methods.