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Category: Process

Matters relating to supply chain functions and processes

“Bridging the Gap: The Importance of Training in Understanding Business Metrics”

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… Continue reading “Bridging the Gap: The Importance of Training in Understanding Business Metrics”

“Maximizing Warehouse Efficiency through Correct SKU Slotting”

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… Continue reading “Maximizing Warehouse Efficiency through Correct SKU Slotting”

“Inventory & Other Grocery Items: Unveiling the Epicentre of Business”

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… Continue reading “Inventory & Other Grocery Items: Unveiling the Epicentre of Business”

“The Brains Trust of Inventory Management: The Master Data File”

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… Continue reading “The Brains Trust of Inventory Management: The Master Data File”

“Constructing Inventory Supply Chain Equations: Elements for Accuracy”

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… Continue reading “Constructing Inventory Supply Chain Equations: Elements for Accuracy”

The safe handling and management of inventory is critical.

The safe handling of inventory is critical for both public safety, and the survival of the business. Safety and inventory go well beyond the type of product and its use. It also includes the physical SKU characteristics and the impacts of its handling. For example, in a FMCG DC (distribution centre), locating the SKU’s in… Continue reading The safe handling and management of inventory is critical.

“The Future of Supply Chain: Introducing VR TAKT, Weighted Solutions, and Algorithms”

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.… Continue reading “The Future of Supply Chain: Introducing VR TAKT, Weighted Solutions, and Algorithms”

“Rethinking Inventory Management: Unlocking Efficiency and Operational Excellence”

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… Continue reading “Rethinking Inventory Management: Unlocking Efficiency and Operational Excellence”

“Contract vs. MOU: Simplifying Business Agreements for Cost-Effective Collaboration”

Introduction In the realm of business agreements, two commonly used documents are contracts and memoranda of understanding (MOUs). Both serve the purpose of defining the terms and conditions between parties, but there is a growing preference, particularly from the customer and supplier viewpoint, for utilizing MOUs over contracts. This preference is primarily driven by cost… Continue reading “Contract vs. MOU: Simplifying Business Agreements for Cost-Effective Collaboration”

“Enhancing Inventory Management through Project Management: The Power of Process Definition”

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.… Continue reading “Enhancing Inventory Management through Project Management: The Power of Process Definition”

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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