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- June 26, 2024
June 26, 2024
Alex Lazich
June 26, 2024
Alex’s Note
Unfortunately Team USA failed to make it out of the Super 8 round of the Cricket World Cup - now I’ll be preparing for the start of the Tour de France by watching the Netflix show 🙂 Highly recommend.
I gave a short Inventory Management 101 Webinar this past week - if you’re interested in taking a look you can access the recording here.
Headlines & Trends
NetSuite has launched SuiteSuccess Healthcare Edition, a new solution designed to help healthcare organizations manage their operations more efficiently and ensure compliance with HIPAA regulations. This pre-configured solution includes features such as financial management, inventory management, asset and lease management, compliance and security controls, and user activity auditing.
Cool Articles
In an update released late Friday evening, NASA said it was "adjusting" the date of the Starliner spacecraft's return to Earth from June 26 to an unspecified time in July. The announcement followed two days of long meetings to review the readiness of the spacecraft, developed by Boeing, to fly NASA astronauts Butch Wilmore and Suni Williams to Earth.
Industry Movement
Target has partnered with Shopify to expand its third-party marketplace, allowing Shopify sellers to list their products on Target's online platform. This collaboration aims to offer a wider variety of products to Target customers while providing Shopify merchants with increased exposure and sales opportunities through Target's extensive customer base. The partnership will also include the potential for Shopify products to be sold in Target's physical stores, further enhancing the reach of participating sellers.
Konica Minolta Business Solutions U.S.A., Inc. announced the divestiture of its Enterprise Resource Planning (ERP) business. The company began offering the service in 2018 after its acquisition of MWA Intelligence, Inc. (MWA), an SAP Business One partner that had developed an ERP platform for the imaging channel. Konica Minolta U.S. purchased MWA to provide its dealers with a true ERP platform that would facilitate the future of work and help accelerate the pace of change in the market.
Thought Pieces
This SKU vs Part Number article explores the unique characteristics of SKUs and part numbers and uncover the key differences between the two. This came up as a topic in the inventory management webinar I gave last week.
A brief - although biased - take on how business process diagraming is truly the digital twin of a business. Worth a read on how having a digital twin of your business can unlock additional efficiencies.
If you have any comments or feedback, just respond to this email! Thanks for reading,
-Alex