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The Inventory Mentor

Lessons to be learned from supply chain blunders – the KFC fowl up [Opinion piece]

When it comes to disruptions in the supply chain, we may not be in control of external factors such as political, environmental, or, as we have recently seen, pandemics. However, we are in control over... Read More

Inventory planning in an uncertain world [Opinion piece]

From a supply chain perspective, we find ourselves in a world that is not only very uncertain at the moment but where the future is undetermined. This is impacting us personally – to a great... Read More

Every cloud has a silver lining

All clouds have a silver lining [Opinion article]

Have you ever had the thought at the back of your mind that there are processes in your business that could be improved? Often you know what these operational inefficiencies are, but there never seems... Read More

Best Practice

Supply Chain Chat – Best practices in a crisis and beyond

Even in “normal times,” supply chains undergo regular disruptions and significant changes in supply and demand. In 2020, we’re seeing a far more extreme disruption due to the COVID-19 pandemic. While some of these supply... Read More

liquidationwebsite

Is there time to save your business?

Country lockdowns, as a result of COVID-19, have affected a third of the global population, and governments from around the world are doing what they can to assist small companies during this time. Airlines have... Read More

Manufacturing

Supply Chain Chat – Complications from COVID-19

Russ Graf from NETSTOCK talks with Lisa Anderson from the LMA Consulting Group to cover the issues arising throughout the supply chain. In the discussion, Lisa talks about the Bullwhip effect – to read more... Read More

Crisis Intervention

Supply Chain Chat – Managing your Supply Chain in a Crisis

Let your Technology do the heavy lifting. By allowing your software to do what it was designed to do gives you more time to focus on the more significant issues. Jason Bader from The Distribution... Read More

Communication

Supply Chain Chat – Communicating to create a smarter Supply Chain

Communication with customers and suppliers is key to business success but even more so in times of crisis. Inventory Specialist Michael Ryan, from The M Ryan Group, has solved inventory and operational issues for midmarket... Read More

Hierarchy Pyramid

If Inventory is the lifeblood of your business doesn’t it deserve your attention?

Like water is to Maslow’s hierarchy of needs, so too is inventory to a company with a supply chain. Humans can’t survive without water, just as suppliers can’t survive without stock. The effective management of... Read More

Risk

Identifying and managing supplier risk.

Suppliers are a fundamental link in the supply chain over which you, as a business, have little control. There is always the inherent possibility that deliveries will not be on time, and even if they... Read More

Shopping

An Inventory planner’s dilemma post Coronavirus.

As of March 4th, 2020, the Coronavirus has spread to 80 countries, killing more than 3200 and infecting over 90 000, mostly in China. Besides all the tragic loss to human lives, companies are taking... Read More

Someone working on laptop

Tips on running a successful remote-first business

The advent of the internet and development of security protocols enabling sensitive data such as credit card information to be safely transmitted across the web, opened up the opportunity for retail companies to start their... Read More

Is software ownership a thing of the past?

Many senior managers that were born in the ’60s or ’70s were taught by their parents that it was better to buy software, buildings, and other assets to reduce the expenses incurred in interest and... Read More

One size does not fit all – Classify your inventory.

Throughout our lives, from the cradle to the grave, we are classified – classified according to our age, sex, religion, political views, demographics, hobbies, opinions, dietary choice, and many more. These classifications are used by... Read More

Circular-Supply-chain-LinkedIn

How ready is your business to join the circular supply chain?

According to national geographic, about 8 million pieces of plastic pollution find their way into our oceans each year. That’s the equivalent of putting five garbage bags full of trash on every foot of coastline... Read More

Safety stock – Just like an insurance policy but for your stock.

The supply chain revolves around supply and demand. If suppliers delivered on time every time and we could predict what our customers were going to buy, we could match the supply and demand, and all... Read More

How prepared is your manufacturing business for the impending economic recession?

The USA economy saw a record-breaking 11-year economic expansion. Indicators now show that we are heading into an economic slowdown. The hiring of new staff and the demand for labor has weakened across the board.... Read More

Creating an accurate demand forecast – an inventory perspective.

If you don’t know what you are going to sell tomorrow, how can you decide what to buy today? Having the tools to help you create the best possible forecast, results in optimal purchasing and... Read More

5G – The game-changer for Industry 4 and supply chain companies.

Industry 4.0 brings us exciting technologies, designed to improve business efficiencies by automating processes. For Industry 4.0 technologies to be beneficial, they need fast and reliable networks, and this is where we will see a... Read More

Trade wars – opportunity or threat to your supply chain?

The trade negotiations between the USA and China seem to be moving in the right direction, and although it looks like they are close to a formalized agreement, there is still a lack of clarity... Read More