Clorox rebounds after a rise in inventory driven by ERP systems.

Clorox has successfully addressed inventory issues stemming from its transition to a new enterprise resource planning (ERP) system, as noted in a recent earnings call. The company proactively increased inventory levels during the transition to mitigate potential supply disruptions. Despite some additional costs related to demand fulfillment during the ERP ramp-up, Clorox's CEO reported no significant destocking impacts on financial results. The ERP upgrade is part of a broader $500 million digitization initiative that aims to enhance the company's operational efficiency and data infrastructure.