#jayeshsaini

[jayeshsaini006]

DIGITAL TWINS: ENHANCING MANUFACTURING THROUGH VIRTUAL SIMULATION

[healthwisekenya]

EFFECTIVE INVENTORY MANAGEMENT: BALANCING DEMAND AND SUPPLY

Effective inventory management is a crucial aspect of any business operation, as it involves striking a balance between the demand for products or services and the supply of resources, raw materials, and finished goods. The primary goal of effective inventory management is to optimize the level of inventory so that it meets customer demand while minimizing holding costs, stockouts, and other associated expenses. This process involves a combination of strategies, tools, and techniques to ensure that the right products are available in the right quantities at the right time.

Key Principles of Effective Inventory Management:

Demand Forecasting: Accurate demand forecasting is the foundation of inventory management. By analyzing historical data, market trends, seasonal patterns, and external factors, businesses can predict future demand more effectively. This helps in aligning inventory levels with expected demand, avoiding overstocking or understocking situations.

Lead Time Management: Lead time refers to the time it takes to replenish inventory once an order is placed. Managing lead time involves coordinating with suppliers, transportation partners, and internal processes to reduce delays and ensure a steady supply of goods.

Safety Stock: Safety stock is a buffer inventory maintained to handle unexpected demand fluctuations or supply disruptions. By calculating safety stock levels based on demand variability and lead time variability, businesses can mitigate the risk of stockouts and maintain customer satisfaction.

Economic Order Quantity (EOQ): EOQ is a formula that calculates the optimal order quantity to minimize total inventory costs, including ordering costs and carrying costs. It considers factors such as demand, lead time, ordering costs, and holding costs to determine the most cost-efficient batch size for ordering.

ABC Analysis: This categorizes items into three groups based on their value and usage. A-items are high-value, low-quantity items that require close monitoring; B-items are moderately important items; and C-items are low-value, high-quantity items that can be managed more leniently. This helps prioritize inventory management efforts.

Just-In-Time (JIT): JIT is a strategy that aims to minimize inventory levels by receiving goods only when they are needed for production or customer orders. This approach reduces holding costs but requires tight coordination with suppliers and reliable production processes.

Vendor-Managed Inventory (VMI): In VMI, the supplier manages the inventory levels at the customer's location. This reduces the customer's burden of inventory management and improves supply chain collaboration.

Technology and Software: Inventory management software, such as Enterprise Resource Planning (ERP) systems and specialized inventory management tools, provide real-time visibility into inventory levels, demand, and supply. These tools enable data-driven decision-making and automation of various inventory tasks.

Benefits of Effective Inventory Management:

Cost Savings: Optimized inventory levels reduce carrying costs, storage expenses, and the risk of obsolescence, leading to overall cost savings.

Improved Customer Satisfaction: With the right products available when customers need them, businesses can meet customer demands promptly, leading to higher customer satisfaction and loyalty.

Minimized Stockouts: Proper inventory management reduces the chances of stockouts, which can lead to lost sales and damage to a company's reputation.

Enhanced Cash Flow: Efficient inventory management prevents excessive capital being tied up in unsold inventory, allowing the company to allocate resources more effectively.

Streamlined Operations: By maintaining the right amount of inventory, businesses can optimize production processes, reduce waste, and increase operational efficiency.

Better Decision-Making: Access to accurate inventory data and analytics enables informed decision-making, reducing guesswork and improving overall business planning.

Challenges and Considerations:

Demand Variability: Fluctuations in customer demand can lead to challenges in maintaining optimal inventory levels.

Supply Chain Disruptions: Unexpected disruptions, such as natural disasters or supply chain issues, can impact the availability of raw materials or finished goods.

Obsolete Inventory: Poor inventory management can result in items becoming obsolete or unsellable, leading to financial losses.

Holding Costs: Carrying excess inventory incurs costs related to storage, insurance, and depreciation.

Coordination Challenges: Efficient inventory management requires coordination among various departments, suppliers, and partners.

Data Accuracy: Inaccurate data can lead to incorrect decisions, affecting inventory levels and customer satisfaction.

Mr. Jayesh Saini says, “Effective inventory management involves a comprehensive approach that considers demand forecasting, supply chain coordination, optimal order quantities, safety stock, and technological solutions. Striking the right balance between demand and supply is essential for minimizing costs, improving customer satisfaction, and maintaining a competitive edge in today's dynamic business landscape.”

[healthkenya7]

Exemplary leadership and immense determination - We are thrilled to announce that Mr. Jayesh Saini, the beacon of Lifecare Hospitals & Group, has been recognized as the 'World's best emerging leader' by WCRINT at WCRCFEST 2023, London. From the halls of the House of Lords, his unyielding efforts echo global applause.

#jayeshsaini #kenya #healthcare #LifeCareHospitals #Kenya #NHIF #NPS #TSC #blisshealthcare

[jayeshsini00007]

#jayeshsaini #kenya #healthcare #LifeCareHospitals #Kenya #NHIF #NPS #TSC

[jayeshsaini006]

Navigating Cybersecurity Complexities Amidst the Age of Interconnected Manufacturing

[healthwisekenya]

THE ART OF NEGOTIATION: WIN-WIN TECHNIQUES FOR BUSINESS DEALS

[healthkenya7]

Exemplary leadership and immense determination - We are thrilled to announce that Mr. Jayesh Saini, the beacon of Lifecare Hospitals & Group, has been recognized as the 'World's best emerging leader' by WCRINT at WCRCFEST 2023, London. From the halls of the House of Lords, his unyielding efforts echo global applause.

#jayeshsaini #kenya #healthcare #LifeCareHospitals #Kenya #NHIF #NPS #TSC #blisshealthcare

[davesdiary83]

Indian Diaspora in Kenya

Historian Sana Aiyar in her work on the Indian diaspora in Kenya notes that by the time Kenya became an independent nation, 2 per cent of the country’s population was composed of Indians who were part of the retail, wholesale and manufacturing sectors and provided skilled labour. Further, she notes that 30 per cent of Nairobi’s population was Indian. However, the strongly visible presence of Indians in Kenya is complicated by the racial and economic position of the community in the country. Immigrants to the East African republic from India, particularly from Gujarat, had started coming in since the 17th century. The advent of colonial rule expanded business opportunities for Indians from other parts of the subcontinent as well. For instance, a large number of Punjabis provided labour for constructing the railways. Further, Indians were also required for serve in the British Army in East Africa. While several Indians came back after the termination of their contracts, several stayed on there working as masons, mechanics and carpenters.

By the early 20th century, a fresh inflow of Indians made their way into Kenya who emerged as the petty bourgeois class, serving semi-skilled labour to Europeans, Indians and Africans. Colonial administration in Kenya, like in India, was based on categorization along racial, religious and ethnic lines. Consequently, a racial pyramid like structure evolved in the administrative set up, with Europeans right on the top with exclusive access to the fertile highlands, Indians in the middle, working as traders and Africans forming the bottommost rung. As noted by Aiyar, Africans were expected to fulfil dual roles. On the one hand they had to make European farms profitable and on the other hand, they were expected to cultivate their own lands and sell the surplus to the shops run by Indians.

By the mid twentieth century, when anti-colonial movements took roots in India, the same ideologies of freedom and equality were carried by the immigrants to Kenya. Thereafter, Indians in Kenya started agitating for racial equality. The intermingling of Indian and African nationalist politics has been the subject of research for several historians. An interesting aspect of the relation between the two colonized communities however, is that while on one hand the two could relate to each other in terms of the shared dream of independence, on another hand there is sufficient evidence of conflict between the two communities on account of the racial hierarchy that existed. As a result, despite the contribution made by the Indian diaspora to Kenyan demands for independence, the community had continued to be relatively invisible in the official historical records of Kenya.

The latest move by the Kenyan government to recognize Indians in Kenya as a tribe is move that is expected to correct this invisibility and make an official note of the efforts to achieve nationhood and development that the Indian community has shared with the other Kenyan tribes historically.

Some popular Indian origin Kenyans are:

Pio Gama Pinto – He was a journalist, politician, and freedom fighter. This socialist leader devoted his life to liberate Kenyan people from post-colonial dictatorship. Pio Gama Pinto was killed due to his outspoken way of living and became independent Kenya’s first martyr in 1965.

Makhan Singh – This Punjabi was the pioneer of trade unionism in Kenya. In 1927, he moved with his family to Nairobi from Punjab at a tender age of 13. Later in 1935, he formed the first trade union in Kenya and was quite active in the Ghadr/Kirti Party that struggled for Kenyan independence. In 1949, he together with Fred Kubai, a Kenyan, formed the East African Trade Union.

A R Kapila – Born in 1926, Aachhroo Ram Kapila was a prominent criminal lawyer of Kenyan Asian background. He is remembered in Kenya for his role in fighting for the rights and compensations of the Mau Mau Freedom Fighters during their independence struggle.

Fitz de Souza – He was a Kenyan Indian lawyer, who became a member of Parliament, and later deputy speaker of the Kenyan parliament.

Shakeel Shabbir – He is the current Member of Parliament for Kisumu, a large city in Kenya. Although he has an Indian lineage, he was elected to the parliament by indigenous Kenyans, which shows that he is accepted irrespective of his origins

Jayesh Saini - Health care consultant, Leads key pharmaceutical companies and healthcare (Bliss Healthcare, Nairobi West Hospital, Dinlas Pharmaceuticals)

Manilal Premchand Chandaria- Kenyan businessman of Indian descent born in Nairobi. Along with being a senior member of the Comcraft Group of Companies, a billion dollar enterprise that has a presence in over 40 countries,[2][3] he is on the boards of several prominent East African companies. He has won several awards in East Africa and internationally in recognition of his entrepreneurial endeavours and is also a noted philanthropist.

Vimal Shah - businessman, entrepreneur, mentor and industrialist in Kenya, the largest economy in the East African Community. He is the Chairman of Bidco Africa and is responsible for the company's growth into new markets and product [2] Bidco is a business conglomerate involved in the manufacture of edible oil, detergents, soaps, margarine and baking powder.