A new report from Aberdeen Group shows that given the current economic climate, 91% of companies are actively seeking ways to improve their inventory performance through process change.  The study also showed that 62% of companies reported a drop in customer demand over the past year which has resulted in the new focus on inventory to avoid write-offs and improve working capital. 

The report also shows that the use of information technology is critical in improving inventory with 61% of respondents making inventory-related technology recommendations within the past six months.  Best-in-Class companies are more likely to use technology for improving inventory replenishment, demand analysis, inventory segmentation and inventory optimization. 

http://www.aberdeen.com/summary/report/benchmark/5965-RA-inventory-management-capital.asp