Your Guide to the Inventory Optimisation Universe

In response to hearing the term ‘inventory optimisation’, executives confidently pronounce ‘We want some of that!’ and practitioners often respond ‘We’ve done that!’
But what exactly is ‘that’?
Read on for how to bring order to the chaos of the inventory optimisation universe and, with deference to the late Douglas Adams, don’t panic.
Find out all you need to know about Inventory Optimisation in Carter McNabb's article in the following link Inventory Optimisation article.

For a capital-intensive business inventory optimisation is a unique opportunity to generate substantial return on investment by minimising inventory investment and generating free cash-flow, improving service levels, and increasing profits by reducing supply chain operating costs as a percentage of sales.


Supply Chain Management Article

Over the past ten years in Australia, supply chain management has begun to transition from the back office to the boardroom. Historically seen as a ‘necessary evil’ or simply part of the ‘cost of doing business’, supply chain was the realm of trucks, warehouses and burly men in fluorescent safety vests.

This view is rapidly changing as organisations recognise the upside of effective supply chain management. Companies can realise improvements both to the company’s financial position and to customer service levels.

Read an article by GRA's Carter McNabb about supply chain management, as well as some real results, at
http://www.gra.net.au/Supply_Chain_Management_From_Cost_to_Advantage.htm



Interview: What Does the Future of Supply Chain Management Hold?


Read a short interview with Carter McNabb, covering the following questions: What developments in the supply chain landscape should Chief Logistics Officers focus on more?
What cost saving and profitability boosting opportunities could you recommend? 
Read the entire article on the future of supply chain management.
Image courtesy of Victor Habbick / FreeDigitalPhotos.net