Inventory management is a critical component of any supply chain. It involves managing the flow of goods and materials in and out of a business to ensure that there is always enough stock on hand to meet customer demand. However, poor inventory management can have a significant impact on your supply chain, leading to lost […]
In today’s rapidly changing business environment, supply chain planning is more important than ever. Companies that can effectively plan their supply chain operations are better able to meet customer demand, minimize risk, and maximize efficiency. However, supply chain planning is a complex process that involves multiple stakeholders, systems, and processes. In this blog, we will […]
Introduction In the rapidly evolving world of supply chain management, embracing technology has become an imperative. Artificial Intelligence (AI) has emerged as a game-changer, promising to revolutionise traditional supply chain design. In the book ‘Inventory and Other Grocery Items,’ the author introduces the concept of the next generation supply chain, where AI plays a pivotal […]
Do I or don’t I? The question CEO’s or General Managers would be asking about automation and to what level within their business. If labour cost wasn’t on the radar pre COVID, then it would certainly be there now. In addition to the sick leave, labour hire, overtime, the business costs were unprecedented. Although the […]
Introduction With the global ‘Net Zero’ emissions target set for 2050 and signed off by all but six countries, the urgency to take action against climate change continues to gain momentum. While renewable energy sources such as wind, solar, and electric vehicles (EVs) have made significant strides, they may not be the ultimate saviors in […]
Introduction The COVID-19 pandemic has left a lasting impact on businesses worldwide, highlighting the importance of effective demand planning in managing through crises. Demand planning requires two essential types of data: complete and accurate historical data, and current live accurate data. By comparing and analysing both types of data, businesses can navigate through variations that […]
Introduction: Inventory management is a critical aspect of running any business, and the restaurant industry is no exception. Surprisingly, it is the top restaurateurs who have mastered the art of inventory management, putting them ahead of their competitors. Their ability to minimize waste and maximize profits is a key factor in their success. In this […]
Introduction: In today’s fast-paced business environment, measuring and evaluating performance is crucial for organizations to thrive. Business scorecards and dashboards provide valuable insights through various metrics and key performance indicators (KPIs). However, one significant obstacle often encountered is the lack of understanding and effective communication of these metrics among staff members. This blog explores the […]
Introduction Effective inventory management is crucial for any business, especially when it comes to warehousing operations. Correct SKU (Stock Keeping Unit) slotting plays a pivotal role in maintaining lean operational costs, minimizing waste, and maximizing overall efficiency. By utilizing SKU characteristics within master data tables and engaging both inventory and operations functions, businesses can optimize […]
Introduction In the ever-evolving world of supply chain management, understanding and effectively managing inventory is crucial for businesses to thrive. To shed light on this intricate topic, the iA-Inventory Academy presents “Inventory & Other Grocery Items,” the first book in a series dedicated to exploring the various facets of supply chain functions and processes. Published […]