Continuous Improvement

To ensure that business rules can identify and prevent corruption and illegal activities, a comprehensive set of anti-corruption rules is essential. These rules should establish transparency, accountability, and auditability within AI-IDP systems and the broader financial processes such as Accounts Payable (AP) and Accounts Receivable (AR). Here’s a breakdown of business rules that can make […]

Change in the corporate world can often be met with resistance, especially when it appears to be more of a cosmetic shift than a functional one. One such change is the proposal to rebrand Standard Operating Procedures (SOPs) as Business Rules. To some, this might seem like an unnecessary change, but to those familiar with […]

This strategy is designed to guide Tier 1 and Tier 2 businesses in gradually phasing AI integration into their supply chain functions, targeting internal areas with high labour costs and repetitive tasks. By focusing on internal functions like warehousing, finance, logistics, and procurement, companies can streamline operations, reduce costs, and enhance efficiency. Below is a […]

To address businesses’ scepticism about integrating AI, a logical phased implementation plan helps ease the transition, builds confidence in AI’s capabilities, and demonstrates tangible value early on. Here’s a recommended phased structure: 1. Assessment and Readiness Evaluation • Purpose: Identify business maturity, IT infrastructure, and data quality. • Actions: o Conduct a data audit to […]

The pursuit of continuous improvement In today’s rapidly evolving business landscape, is more critical than ever. Traditional methods like Total Quality Management (TQM) have long been the backbone of industrial engineering, providing a structured approach to enhance efficiency, reduce waste, and drive quality. However, as businesses face increasingly complex challenges, the integration of Artificial Intelligence […]

A Compelling Argument for Seamless AI Integration in Manufacturing and Supply Chain with AI-IDP In today’s fast-paced, technology-driven world, businesses must constantly evolve to stay competitive. For those in manufacturing and supply chain management, embracing artificial intelligence (AI) is no longer a luxury but a necessity. The mantra for 2024 and beyond should be “Touch […]

For many years, supply chain auditing has primarily been focused on compliance and risk management. Companies have used audits to ensure that their suppliers are meeting industry standards and regulations, and to identify potential issues that could lead to legal or reputational risks. While compliance is an essential aspect of supply chain management, it is […]

In today’s hyper-connected world, a business’s reputation is more important than ever. With social media and review sites making it easier than ever for customers to share their experiences, a single mistake can quickly damage a brand’s image and impact their bottom line. One area that is particularly important when it comes to protecting your […]

Introduction In today’s competitive business landscape, efficiency and effectiveness are paramount for sustainable success. However, even the most well-designed processes can fall short of expectations and fail to meet key performance indicators (KPIs). When faced with such challenges, it is crucial for organisations to take proactive measures to identify and rectify the underlying issues. In […]

Variance between forecasted and actual demand in demand planning can occur due to various factors. These variances can have significant implications for inventory management, production scheduling, and overall supply chain efficiency. Here are some common causes for variances between forecasted and actual demand: To improve demand planning accuracy, it’s important for organisations to continually monitor […]