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Framingham, MA – According to a new report from IDC Manufacturing Insights, The Modern Supply Chain: Inventory Optimization Competitive Assessment (Document # MI218001, May 2009), inventory optimization (IO) is now among the top three priorities for many supply chain organizations as they seek to create increased efficiencies during the continued global recession. Over the next five years, IDC Manufacturing Insights expects to see an increased focus on supply chain modernization, network "rightsizing," and asset optimization. The company estimates healthy growth in global IO application spending in the 10% per annum range. This is ahead of the spending range for most supply chain management application categories, which is welcome news for solutions providers.

“Dramatic changes in business are having an inevitable impact on a company's supply chain network,” said Simon Ellis, IDC Manufacturing Insights practice director, supply chain. “Optimizing efficiencies in the supply chain—particularly inventory—has been propelled up the priority list for many companies. Increasing the productivity of assets has taken on more importance because of its direct relationship toward maximizing working capital and improving the bottom line."

Read the full story at businesswire.com.

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