Purchasing Procurement

Introduction In the ever-changing landscape of business, one constant remains: demand forecasting. Accurately predicting customer demand is a paramount concern for companies seeking sustainable growth and optimal operational efficiency. However, the task of demand forecasting is not without its challenges. Numerous variable aspects influence consumer behaviour, from economic factors to market trends and even natural […]

Introduction: Unprecedented global events, such as the COVID-19 pandemic, have highlighted the vulnerabilities within supply chains worldwide. As businesses faced disruptions and challenges, valuable lessons emerged regarding the need to address key areas of concern. This blog explores four critical aspects of supply chains—excessive lead times, logistics disruptions, purchasing strategies, and operational contingencies—and provides insights […]

Procurement is a vital function for any organization, ensuring the timely and cost-effective acquisition of goods and services required to achieve business objectives. However, inefficient procurement processes can lead to hidden costs that impact the bottom line. These hidden costs can be significant, and addressing them is essential for organizations looking to maximize efficiency and […]

In today’s fast-paced and competitive business environment, supply chain cost management has become a critical aspect of running a successful business. Effective supply chain cost management can help businesses to reduce costs, improve profitability, and maintain a competitive edge in the market. In this blog post, we will discuss the importance of supply chain cost […]

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 […]

I think we can all agree, COVID has made us scrutinise our Supply Chain systems ability to be able to respond quickly to changes impacting the supply chain. What we don’t see is basic logic applied, and the creation of a new generation of acronyms (e.g. JIC – Just in Case). The issue is lead […]

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 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 […]