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About Us

iA – Inventory Academy

Terrence Walmsley is the founder of the iA-Inventory Academy and is based in our Singapore office. Terrence has over 40 years of hands-on and executive management experience in the industry. He has worked for multinational companies across most sectors. Terrence’s top 7 business focuses include-

1. 1. Safety
    
    – Safety is crucial relative to the type of inventory (DG, food safety, code products, rotation, fragile, compatibility, etc.). Safety has no compromise—do it right, or don’t do it at all.
  2. MRP – Review Master Data field actives for effective use and limitations. There’s an old saying particularly relevant to Master Data: GIGO (garbage in, garbage out). What you’re not seeing is the hidden costs of garbage.
  3. KPIs, PIs, and Metrics – These are required as performance measures and for understanding processes. They are not only figures to gauge performance outputs by but also essential tools for improvement.
  4. Warehouse Use and Functions – Including SKU slotting logic and logistics. Real estate comes at a premium these days; thinking outside the box is essential.
  5. Communication – Structure, frequency, content. Timely, accurate, and reliable communications go a long way in delivering success. Learn to use it well.
  6. Training – Alignment to corporate strategy and remedial fixes. Constructive and meaningful training is a staff motivator.
  7. Culture – TQM, Lean, LSS. If a positive culture is non-existent in your organization, then you’re already fighting an uphill battle. Stop and regroup.

1. 1. Safety
    
    – Safety is crucial relative to the type of inventory (DG, food safety, code products, rotation, fragile, compatibility, etc.). Safety has no compromise—do it right, or don’t do it at all.
  2. MRP – Review Master Data field actives for effective use and limitations. There’s an old saying particularly relevant to Master Data: GIGO (garbage in, garbage out). What you’re not seeing is the hidden costs of garbage.
  3. KPIs, PIs, and Metrics – These are required as performance measures and for understanding processes. They are not only figures to gauge performance outputs by but also essential tools for improvement.
  4. Warehouse Use and Functions – Including SKU slotting logic and logistics. Real estate comes at a premium these days; thinking outside the box is essential.
  5. Communication – Structure, frequency, content. Timely, accurate, and reliable communications go a long way in delivering success. Learn to use it well.
  6. Training – Alignment to corporate strategy and remedial fixes. Constructive and meaningful training is a staff motivator.
  7. Culture – TQM, Lean, LSS. If a positive culture is non-existent in your organization, then you’re already fighting an uphill battle. Stop and regroup.

The book – “Inventory and Other Grocery Items” – is the reference source for most supply chain training courses and is available through Amazon Kindle. Let this book be your shining light in the supply chain industry.

Coming Soon - the 100 page series books

“Managing InventoryCosts: A Key Component of Your Financial Supply Chain Strategy”
“The Impact of Poor Inventory Management on Your Supply Chain and How to Fix It“
“Maximizing Efficiency and Minimizing Risk: A Guide to Supply Chain Planning”
“The Importance of Supply Chain Cost Management: Key Takeaways for Business Owners and Managers”.
“The Power of Data in Supply Chain Production: How Analytics Can Transform Your Operations”
“From Compliance to Sustainability: How Supply Chain Auditing Can Drive Positive Change”
“Digital Transformation in Supply Chain Management: Opportunities and Challenges”.
“Solving Your Supply Chain Warehousing Pains: Strategies for Success”
“The Future of Supply Chain Logistics: Trends to Watch and Strategies to Adopt”
“The Hidden Costs of Inefficient Procurement and How to Fix Them“
“Maximizing Productivity: A Guide to Effective Supply Chain Communication and Training”
“Winning the Supply Chain Game with Superior Support Services”
“Getting Ahead in the Game: Common Pain Points in Supply Chain and How Tools Can Help”
“Solving the Most Common Industry-Specific Supply Chain Issues: A Practical Approach”
“Why Visibility and Transparency are Critical to the Future of Supply Chain
“Protecting Your Reputation: How Supply Chain Safety Impacts Your Brand and Business Success”

Certifications

Course Certificate

Course Certificate

Course Certificate

SUPPLY CHAIN PARTNERS

Training and communications are two key business requirements and form the essential core foundations to the subject matter. Don’t just do it – own it.

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