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Getting Started
Inventory Management - Optimal Levels
The end result of inventory management is to have the right product at the right amount at the right place at the right time. Inventory problems can have a huge negative effect on your business, especially cash flow. But an accurate inventory valuation and optimal inventory levels enhances sales and operations.
Inventory Management - Physical Counts
The end result of inventory management is to have the right product at the right amount at the right place at the right time. Inventory problems can have a huge negative effect on your business, especially cash flow. Performing accurate physical inventory counts helps confirm that your overall inventory management program is working.
Inventory Management - Reports & Systems
The end result of inventory management is to have the right product at the right amount at the right place at the right time. Inventory problems can have a huge negative effect on your business, especially cash flow. Quality inventory metrics and reports ensure the company is focused on the critical inventory management requirements. An inventory system must provide timely, accurate, and secured information.
Inventory Management - Program
The end result of inventory management is to have the right product at the right amount at the right place at the right time. Inventory problems can have a huge negative effect on your business, especially cash flow. That is why inventory planning and forecasting must involve all levels of management and nearly all departments. Inventory policies and procedures help ensure a consistent and sustainable approach to inventory planning and operations.
Warehouse Management
Strategic warehouse planning, efficient processes, performance measurements, workers health and safety, and plant layout all contribute to effective supply chain fulfillment. Implementing process controls and an optimal floor layout in a warehouse operation are critical to ensuring a customer's order is filled and delivered as promised. In addition, it is absolutely necessary to provide workers a safe environment. Having a sound warehouse management governance program in place will enable you to effectively and efficiently meet order requirements.
Reverse Logistics
An inevitable but essential aspect of selling a product online is having your product returned. Customers often make a purchase based on a company's return policy. It is critical for customer retention and reducing costs to have an active reverse logistics program. There are many aspects of reverse logistics, including clearly articulating the return policy, simplifying the customer requirements, getting back the product, determining what to do with the returned product, and closing the return cycle. Follow a structured approach to product returns governance.
Conflict Materials
There are strict laws regarding certain minerals often mined from areas of conflict. Critical processes and requirements must be adhered to if you are a downstream company that utilizes these minerals in your products. Based primarily on the Organisation for Economic Co-operation and Development (OECD) Due Diligence Guidance, follow a structured method to ensure you know your supply chain and can be assured that your company has taken reasonable steps to utilize only legitimately obtained conflict minerals.
Project Management - Pre-project Work
Properly managing projects is vital for controlling costs, delivering what is expected to the customer, and meeting the competing needs. Considering all the key elements when initiating a project provides the only realistic chance of delivering successful projects. During project initiation, define business expectations by addressing benefits, stakeholders, and a project charter. This is the first of four project management governance topics.
Project Management - Planning
Properly managing projects is vital for controlling costs, delivering what is expected to the customer, and meeting all the competing needs. There are many issues to consider when planning for a project, including detailed requirements, cost, schedule, communications and engaging stakeholders, quality, resources, risk, and procurement. Project planning entails how you plan to complete the project, based on the resources and environment within your company. This is the second of four project management governance.
Project Management - Execution
Properly managing projects is vital for controlling costs, delivering what is expected to the customer, and meeting all the competing needs. There are many issues to consider when undertaking or executing a project, including managing change control, communications, cost control, schedule control, scope control, resources, quality, risk, procurement, closing, and transition to operations. Project execution involves managing, directing, monitoring, and controlling the project details, starting with the project plan and adjusting it to meet the inevitable issues that arise. This is the third of four project management governance topics.