Continuous Improvement

Introduction In any business, the bottom line is crucial for success and profitability. No one wants unnecessary hits to their bottom line, especially when they can be avoided. One area that often leads to financial losses is inventory waste, which can result from various factors such as poor stock rotation, sub-standard inbound goods, operational inefficiencies, […]

Introduction The COVID-19 pandemic has had far-reaching consequences on various aspects of our lives, and the business world is no exception. One of the key areas significantly affected by the virus is the global supply chain. The disruption caused by lockdowns, travel restrictions, and reduced production capacities has led to concerns about business sustainability. In […]

Introduction One of the biggest challenges faced by businesses is managing slow-moving or obsolete stock, commonly known as SLOB inventory. These items tie up valuable warehouse space, incur fixed costs, and negatively impact a company’s financial health. However, by implementing a well-thought-out plan and taking appropriate actions, businesses can reduce stock values and recover revenue. […]