Survey Shows Supply Chain Decision-Makers Prioritize Inventory Turnover

A new survey provides insight on how nearly 200 supply chain and procurement decision-makers are approaching inventory management, showing that most prioritize turning over inventory in a timely fashion.

Manufacturing company Jabil collaborated with SIS International Research to speak to decision-makers on their key metrics for success. Of that group, 77% said they prioritize inventory turnover, while 57% stressed the need for forecast accuracy. Another 54% said their focus is on optimizing gross margin return on investment (GMROI). 

Respondents also shared that artificial intelligence has become a substantial part of their strategic decision-making, with 66% saying they are currently using predictive analytics and AI/machine-learning models. Roughly 19% said they're researching and testing those solutions, while just 13% said they're not using those methods at all. 

Of those who said they're implementing AI and machine learning for supply chain activities, 80% use the technology for demand planning, while 59% use it for sourcing, and 55% use it for market intelligence gathering.