Decrease World Wide Inventory

Think about all of the companies that have gone out of business because of bad inventory management. Take the sporting goods industry for example: In the 1970’s and 80’s Converse had a near monopoly on supplying professional basketball teams. Then in the late 1980’s the market changed, and Converse wasn’t able to adapt quick enough. In 2001, Converse went bankrupt. What they really didn’t know was how to manage inventory. Managing inventory is about the management of information from the original source all the way to the end consumer, and the companies that are effectively managing information are winning today.