A finance executive of a metals manufacturing corporation wanted a physical count of all items at the company’s plants. And he wanted it done in two (2) days. A physical count consists of a team identifying, counting, and tagging items, such as products, work-in-process, and raw materials. The purpose of a physical count is toContinue reading “The Challenges & Benefits of The Physical Count”
Tag Archives: warehouse
Inventory Record Accuracy: A Step to Supply Chain Improvement
Managers of a large food condiments manufacturer bragged that their finished products Inventory Record Accuracy (IRA) was 99%. They added that they met this level constantly, not just when I as a consultant was there auditing the manufacturer’s supply chain operations. How do you compute the IRA? I asked the warehouse manager. The warehouse officeContinue reading “Inventory Record Accuracy: A Step to Supply Chain Improvement”
Managing Uncertainty
We’re like baby sea turtles when we begin our careers. We don’t know what awaits us as we venture out into the world. We learn to deal with a lot of uncertainty. A property manager proposed a project to build a warehouse that would require an expenditure of PhP 2,500,000.00 (USD$ 50,000). Three (3) outContinue reading “Managing Uncertainty”
Logistics Solutions Can Be Simple
A medium sized retailer of health food items imports products from abroad. The retailer prides itself with a very well organised warehouse and a crew of workers that swiftly repack the imported products and send them to the retailer’s stores all over the country. The retailer’s sales department, however, has constantly complained about lack ofContinue reading “Logistics Solutions Can Be Simple”
Ellery's Essays 