✔ Strategic vendor management & negotiation
✔ Cost reduction & contract management
✔ Supplier evaluation & relationship management
✔ Procurement planning & market analysis
✔ Inventory control & stock optimization
✔ Warehouse layout & process improvement
✔ Supply chain coordination & logistics
✔ Barcode & RFID tracking implementation
✔ ERP implementation & integration
✔ Workflow automation & system upgrades
✔ Data analysis & reporting for decision-making
✔ Employee training on ERP tools
✔ Risk assessment & internal control
✔ ISO & regulatory compliance
✔ Process evaluation & fraud detection
✔ Operational efficiency & continuous improvement
An enhanced version of 5S emphasizing workplace safety.
A structured approach to analyze problems or situations deeply.
Purpose: Useful for root cause analysis, planning, and comprehensive reporting.
Identifying and eliminating non-value-added activities improves efficiency.
Purpose: Incremental and continuous improvements in all functions of an organization.
A continuous improvement cycle.
Purpose: Systematic approach for process improvement.
Inventory classification technique based on value and usage frequency:
Purpose: Focus resources on high-value inventory for better cost control.
Just-in-Time (JIT) is a smart inventory method where materials or products are received only when needed — not stored in advance.
This helps companies:
Example:
A factory gets parts only when it’s ready to use them — not weeks before. This avoids overstock and keeps operations smooth.
Meaning: The oldest items are used or sold first.
Example: Imagine you have milk cartons in your fridge. You drink the one you bought first before the newer ones. This way, nothing goes bad.
Usage: Common in inventory management to keep products fresh and avoid spoilage.
Meaning: The newest items are used or sold first.
Example: Imagine stacking plates. You take the top (most recent) plate first, not the ones at the bottom.
Usage: Sometimes used in accounting or specific industries where recent costs are matched with current sales.
Scoring based on:
Use in Work: Conducted quarterly review of vendor scorecard.
From PR to Payment:
Use in Work: Ensured smooth workflow using ERP automation.
Strategies include:
Use in Work: Achieved measurable cost reduction.
What is 3PL?
3PL means outsourcing your logistics and supply chain tasks to an outside company.
What do they do?
They handle services like warehousing, transportation, inventory management, and order fulfilment for you.
Why use 3PL?
Use in Work: Used during vendor finalization and strategic sourcing.
What is it?
Demand forecasting is predicting how much of a product customers will want in the future.
Why it’s important:
How it works:
By studying past sales data, market trends, and other factors, businesses estimate future demand to make better decisions.
What are SOPs?
SOPs are step-by-step instructions that explain how to do a specific task or process correctly and consistently.
Why use SOPs?
How it works:
Everyone follows the same clear steps to complete tasks, so work is efficient and reliable.
What is it?
MRP is a system that helps businesses plan and buy the right amount of materials needed to make products, at the right time.
Why it’s important:
How it works:
MRP looks at what products you need to make, checks current inventory, and calculates what materials to order and when.
What is it?
It’s the smart way of arranging products in a warehouse to make picking and storing faster and easier.
Why it matters:
How it works:
Frequently sold items are placed in easy-to-reach spots, while less popular items are stored farther away.
What is it?
Stock Reconciliation means checking your actual inventory to make sure it matches the records.
Cycle Counting:
Instead of counting all stock at once, you count small portions regularly (daily, weekly, or monthly).
Why do it?
How it works:
You count a selected part of your stock, compare it with what your system says, and correct any differences.
What is it?
It tells you how many times you sell and replace your stock in a certain time (like a year).
Why care?
How to calculate:
Divide the cost of what you sold by the average stock you had.
Formula:
Inventory Turnover Ratio = Cost of Goods Sold ÷ Average Inventory
Simple example:
The Kanban System is a visual way to manage work and inventory. It uses cards or boards to show tasks or materials moving through steps like:
To Do → In Progress → Done
It helps teams:
Example:
A team uses a board with sticky notes to track tasks. When one task is done, the next one starts — keeping work smooth and steady.
What is it?
Pareto Analysis says that 80% of results come from 20% of causes.
In Warehouse:
What is it?
Six Sigma is used to solve problems, reduce mistakes, and improve quality in work.
It follows 5 simple steps:
Define → Measure → Analyze → Improve → Control (DMAIC)
Why Use Six Sigma?
SWOT Analysis is a strategic planning tool used to evaluate the internal and external factors affecting a business, department, or project.
It helps you understand where you stand, make better decisions, and create strategies for improvement and growth.
Example: SWOT for a Warehouse Department
Strengths - Efficient inventory software, experienced staff, strong vendor relationships
Weaknesses - Manual cycle counting, outdated layout, slow receiving process
Opportunities - Automation tools, training programs, partnerships with 3PL providers
Threats - Supply chain disruptions, rising fuel costs, competition adopting new tech faster
Gomathi Nayagam M
Kanchipuram Tamil Nadu, India 631604
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