Technology

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 […]

Effective supply chain management is critical for any organization to stay competitive and profitable. One key component of supply chain management is managing inventory costs. Inventory costs can have a significant impact on a company’s financial performance, and it is essential to have a solid inventory management strategy to keep costs under control. Inventory costs […]

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: 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 […]