Inaccurate inventory leads to loss of sales, poor customer experience, and may indicate a more drastic issue of retail theft. Inventory Records Accuracy (IRA) is an area most business people take for granted. Daily Cycle Counting and Root Cause Analysis for a goal of 98-100% daily accuracy is critical to all departments in the company: Purchasing, […]
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Applying Military Concepts to Business Planning: Operational vs. Tactical vs. Strategic
We usually divide Planning into three analytical levels with a strong military flavor: Operational, Tactical and Strategic (a clear example of a classical proverb that in the Military everything consists of three parts ). Despite the fact that all these levels are defined pretty clearly (Strategic – where are we going? Tactical – what are […]
Perform Strategic Management Right with a Balanced Scorecard
It’s (relatively) easy to come up with a corporate vision, with a mission statement, with a set of strategies. But, when it comes to the execution of that vision and strategy, things become much more challenging. This difficulty increases as the size of the organization increases. For proper strategic performance management, a number of methodologies […]
Meeting a 3PL Provider for the First Time? Be Prepared
Forming a relationship or partnership with a Third Party Logistics (3PL) company is an important decision. When visiting the 3PL’s facilities for the first time, it is important to come prepared. Be prepared to ask the right questions, cover the right topics, and achieve the right objectives. You are interviewing the company to see if […]
With Proper Value Analysis, Cost Reduction Is Guaranteed
What is Value Analysis? It is an orderly and creative method to increase the value of an item. This “item” can be a product, a system, a process, a procedure, a plan, a machine, equipment, tool , a service or a method of working. Value Analysis, also called Functional Analysis, was created by L.D. Miles […]
ISO 9001
Thousands of companies in over 100 countries have adopted ISO 9001 as their quality management standard. Many more are pursuing this certification. Well, why is this? ISO 9001 helps an organization assure quality and save money. Plus, customers expect it. ISO 9001 applies to all types of organizations. This professionally-developed presentation can be used to […]
Kaizen
Kaizen refers to philosophy or practices that focus upon continuous process improvement in manufacturing, engineering, and business management. This training presentation is specifically designed for managers, supervisors, facilitators, and continuous improvement steering committees who want to kick-start and implement Kaizen activities in their work areas to improve productivity and customer value. This presentation includes: The […]
