Inventory

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 […]

Introduction In the world of business, effective inventory management is essential for smooth operations and customer satisfaction. For businesses that deal with inventory, the Master Data file serves as the brains trust, containing crucial field data required to support internal functions. Additionally, the Locations Data file plays an equally vital role, encompassing various data requirements […]

Introduction In the world of inventory management, accurate calculations of stock reserves are essential for efficient operations. One critical component in this process is the determination of inventory supply chain equations. These equations enable businesses to calculate optimal inventory levels by considering factors such as demand, lead times, and seasonal impacts. This blog post will […]

Have you ever heard the cliché, “The next generation supply chain systems will look very different from what they are today”? It’s a statement that lacks substance and leaves us wondering how exactly the future will unfold. As a sceptic, I believe we need tangible direction and concrete ideas to truly understand the changes ahead. […]

In today’s fast-paced business environment, relying solely on a Material Requirements Planning (MRP) systems to manage inventory just doesn’t cut it anymore. To effectively manage inventory and stay competitive, organizations need to develop a core set of skills that enhance efficiency and drive internal progress through operational excellence. This blog post will introduce you to […]

Introduction Efficient inventory management is crucial for businesses to thrive in today’s competitive marketplace. Inventory managers play a vital role in overseeing the flow of goods, ensuring optimal stock levels, and maintaining cost-effective operations. While their primary focus revolves around inventory, there is much to be gained by integrating project management principles into their role. […]

Introduction In today’s digital age, businesses heavily rely on Enterprise Resource Planning (ERP), Material Requirements Planning (MRP), and Warehouse Management Systems (WMS) to streamline operations and enhance efficiency. However, despite the capabilities of these systems, many employees continue to create numerous spreadsheets to fulfil their tasks. This blog aims to explore the reasons behind the […]

Introduction In the complex landscape of modern business operations, the effectiveness of inbound receipt processes plays a pivotal role in ensuring smooth operations and maintaining customer satisfaction. Neglecting this critical aspect can have far-reaching consequences that ripple throughout the entire business.  This article aims to shed light on the significance of robust inbound receipt processes […]