Inventory Policy: Focus on your core and trim the fat

For many out there this is the ‘January’ of the working world. A new financial year, new plans, strategies, hopes and dreams…. 

 

My Supply Chain Resolutions are as important now as ever. In this blog, I’m going to look deeper into my second Supply Chain resolution “Focus on Your Core and Trim the Fat”. It’s all about inventory policy and Core product identification.

Getting this right will improve a whole host of things throughout your entire supply chain; warehousing and logistics costs, procurement saving opportunities, write down savings and availability improvements, ultimately leading to increased sales revenue and a healthier bottom line.

Supply Chain Resolutions - Know your worth

Previously, I shared my 5 top Supply Chain resolutions, and since then I’ve had a couple of people ask me to explain more around how they can implement these changes. Well… ask and you shall receive (as I’m sure any reverand will agree).

 

So, I thought I’d start at the beginning with my first resolution: KNOW YOUR WORTH.

Pros & Cons of using Job Boards

As a recruitment consultancy its no secret we use job boards. So it makes sense that as an internal recruiter you would use them too, but what are the pros & cons of using them?

5 Supply Chain Resolutions we all need to keep!

Just over a month ago many of us pledged to be different. With the excitement of the festive period a fading memory, the reality is that most of us have very quickly slipped back into the day-to-day routine and focussing on making it through the week.

Below are my top 5 supply chain resolutions… It’s only February… You’ve got time to make a couple more.

Rachel Sellers Guest Blog - Is your forecasting 'fit for purpose'?'

Guest Blog by Rachel Sellers, Commercial Planning professional-

All too often, when businesses are trying to improve their sales forecasting, reduce inventory holding, or simply improve availability and customer service, the first port of call is to review the forecast accuracy.

ROI: Are Interim Managers good value for money?

We often encounter clients that tell us day rates for interim managers amount to daylight robbery, but is that really the case? There are many benefits to using an interim manager, they are often less expensive than you think & the ROI they bring is invaluable.

Comparing PAYE & Interim Managers

The biggest mistake clients make is to simply take the day rate & x it by the number of working days in the year, for example 260 x £500 is made to look like an annual salary of £130k!

In fact, this is far from the truth. In simple terms day rates should be calculated like this:

Is your Supply Chain ready for Brexit?

With post-Brexit trade negotiations still up in the air, both British and European firms are thinking about their supply chains and how they will be affected if mutually beneficial tariff deals with the EU aren’t achieved.

Brexit drives increased demand for Supply Chain & Procurement professionals

In quarter 1 of this year the number of supply chain and procurement roles in the UK rose by a huge 43% compared to the same period in 2016.

Why are retailers struggling to keep up with omnichannel expectations?

With the technology available to us today, we are able to shop at any time we want, across all of our devices, wherever we are! This one-click purchase culture has led to market of highly demanding consumers; we want it all and we want it now.

10 reasons why supply chain transparency is so important

For many years it didn’t matter to consumers if the origins of a product were pretty unclear or unknown.

However, modern supply chains seek to achieve cost savings, greater efficiency and increased transparency. Therefore there is much more interest vested in quality, safety, ethics, and environmental impact of where a product has come from.