Organizations are looking for opportunities to innovate their operations and rethink their business models as the Covid-19 pandemic has caused not only a global humanitarian crisis but a supply chain crisis as well. The World Economic Forum says the magnitude of this unprecedented crisis has yet to be fully realized or manifested. Some of the impacts on manufacturers and businesses around the globe include supply [...]
This month we observed World Food Safety Day. This year’s theme of “Food safety, everyone’s business” is particularly relevant as approximately 650 products including food-related items are recalled in Australia every year, but only about half of them are returned to the retailer. In October last year, the ACCC reported that there were about 1.7 million recalled products still in Australian homes. (more…)
The disruption caused by the coronavirus has led global supply chains to re-think globalized market strategies. Before the pandemic, Chinese producers were often selected as the first choice, and China’s share of the global GDP was sitting at 20%. When Covid-19 hit China, its factories were shut down. Many other countries had to additionally deal with the closing of local ports. (more…)
What do exploding phones, automobile exhaust emission problems, and food and drug contamination have in common? They embroiled the companies that made and distributed them in a complex and costly product recall process. The impact of recalls Product recalls are one of the biggest risks that manufacturers and distributors have to face. According to the insurance industry the average cost of product recall claims is over [...]
Manufacturers and major enterprises always look to the returns they can make from implementing new tools, especially far-reaching solutions like ERPs. With the critical role that ROI plays in both ERP selection and implementation, we’re taking a look at three core areas where an ERP can improve operational efficiencies and manage costs. (more…)
In today’s global village, the demand for distribution services is escalating rapidly due to the increasing complexity of supply chain operations, the expanding e-commerce, and retail sectors, and a pressing need to deliver swiftly and enhance the customer experience. The customer remains king for now. (more…)
There seems to be quite a lot of confusion around Cycle Counting vs. Stocktaking. So, before we discuss the importance of Cycle Counting, we will need to understand WHAT Cycle Counting is, and What Cycle Counting is NOT: What is a Cycle Count? Traditional inventory audits or stock takes, involve counting all of the stock that the organization has on a particular date. Typically this is [...]
We’re all linked to FMCG supply chains, be it through work, a customer relationship or simply driving demand through our own purchases. Our $131 billion food and grocery processing sector directly employs 324,450 people, which represents nearly 40% of Australian manufacturing jobs. It also provides the essentials and makes up a massive part of the FMCG supply chains we rely on to employ, feed, [...]
Digital transformation is the latest trend, and for good reason. Being a successful food or beverage manufacturer in 2019 is no small feat. It requires an efficient supply chain and demand management, quality control, and a willingness to adapt to an ever-changing industry. (more…)
So your warehouse is bulging – why? Because product demand is high and you’re holding buffer-stock to protect your customer service, like all well-trained inventory managers do. But are you holding the right stock? Are you actually protecting the brands you know because your ear to the market is too far removed? And suppliers, maybe you’re dictating what brands you push to retailers, funding [...]
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