Is your manufacturing planning optimal?
As a manufacturing business, you probably have an existing solution that enables you to set your inventory levels, plan your manufacturing, suggest raw materials and components you need to order to support your manufacturing process.... Read More
Streamline your business processes and avoid employee retrenchments
With a third of the global population in lockdown as a result of the COVID-19 pandemic, the impact on business is colossal. There is no doubt that we will see many companies close down over... Read More
Is inventory the foundation of your business?
Inventory to a supply chain company is like water in Maslow’s hierarchy of needs. Without water, we can’t survive, without inventory, as a supplier, you have no business. This should clearly indicate that the management... Read More
Managing & identifying supplier risk.
Suppliers are a vital link in the supply chain, and finding ones that are reliable, trustworthy, and efficient should be on the top of your priority list. We all understand that there will be times... Read More
An Inventory planner’s dilemma post-COVID-19
As of the 23rd March 2020, the COVID-19 virus has spread to 192 countries, killing more than 15 000 and infecting over 345 000. Besides the immense and tragic loss to lives, our economy is... Read More
Weekly or monthly forecasting – which is better?
Based on demand variation from week to week, a fair number of companies insist on doing their forecasting weekly. They believe that by doing this, it will be more accurate and improve their replenishment planning... Read More
Tips for supply chain startups to get you on the right track.
Starting a new business, especially in today’s very competitive landscape, comes with some serious challenges. Most often, it’s the small and basic tasks and activities that, if not done or not done correctly, can make... Read More
Is the outright purchase of software a thing of the past?
Most senior managers born in the ’60s or ’70s were taught by their parents that it was way better to buy items like software, buildings, and other assets to reduce the expenses incurred in interest... Read More
Inventory classifications – your first step towards better inventory health.
From the moment we are born, we are classified in some or other way. As we go through life, the classifications continue, and this data becomes vital for companies to determine whether we are their... Read More
What is safety stock, and factors to consider when calculating it?
Supply and demand are what drives the supply chain. In a perfect world, if our suppliers always delivered on time and in full, and we knew for sure how much customers would spend each month,... Read More
Implementation tips when implementing an inventory management system.
Lower inventory costs and higher customer fill rates lead to improved inventory balance and give your company a competitive edge. On the flip side, neglecting your inventory means reduced profits and reduced customer service levels,... Read More
When is the right time to implement an inventory management tool and what should you look out for?
Does this messy warehouse look familiar? If you are thinking about extending the functionality of your ERP to provide better demand planning and forecasting abilities, then this is the article for you. There are many... Read More
How to produce an accurate inventory forecast.
If you are not sure of what your sales are going to be tomorrow, how can you determine what you need to buy today? By being able to forecast your demand accurately means being able... Read More
Cracking the Bullwhip effect on your supply chain
When you crack a bullwhip, the whip handle moves 60 degrees, but the tip of the whip moves at 360 degrees. In supply chain operations, the amplification and distortion of demand fluctuations is a common... Read More
Where does your supply chain company sit on the Inventory Maturity curve?
Inventory or stock is the foundation of every supply chain operation. Like any foundation, you want it to be devoid of cracks so that you can focus on the business functions that matter. If you... Read More
Balancing internal and external supply chain risks.
There is more to an Inventory planner’s function than to manage the fine line between overstocking and understocking. There is an ongoing challenge to control other risk factors, both external and internal, to the business.... Read More
Minimize stock-outs without creating an excess stock crisis
With the technology products and tools available today, the phrase ‘stock outage” should never leave the lips of a warehouse manager. There is simply no reason whatsoever that any supply chain business should find itself... Read More
What is the real cost of your inventory and how to reduce it?
Your Inventory planner and your warehouse team must understand the figures involved when calculating the real cost of your stock. Although the companies expenses, liabilities, assets, etc. is not their responsibility, they should be made... Read More
How to minimize your inventory loss as a result of damaged, spoiled, and expired inventory.
In our previous article, we looked at inventory loss as a result of theft. We provided some tips on how to lessen your risk. In this article, we’re going to look at reducing risk on... Read More
Your profits could be walking out the door. What procedures do you have in place to minimize theft in your supply chain?
We all experience a certain amount of inventory shrinkage in our supply chain businesses. Still, if you don’t keep on top of this, it can result in a considerable amount of financial loss. Inventory loss... Read More