target audience: TECH BUYER Publication date: Jul 2023 - Document type: IDC PeerScape - Doc Document number: # AP50986723
IDC PeerScape: Supply Chain Data and Visibility — Practices for Replacing Inventory with Information
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Abstract
This IDC PeerScape showcases how Lenovo, LCFC (Hefei) Electronics (LCFC), and Inspur Information have improved their supply chain visibility as well as outlines best practices to emulate. These practices will help organizations become more resilient, stay ahead of the market, and successfully navigate disruptions.
"An increased supply chain visibility can reduce inventory levels. Given the current pressures to adjust to economic pressures while maintaining supply chain agility, investing in the right technology is urgent to drive visibility, ensure correct inventory placement, and support business continuity. With real-time insights, organizations can make informed business decisions to drive better performance and improved customer service levels," says Rani Ratna, Senior Research Manager, IDC Asia/Pacific Manufacturing Insights.