Home' MHD Supply Chain Solutions : MHD Jan-Feb 2017 Contents GUIDELINE LAUNCHED TO IMPROVE INVENTORY AND
ASSET MANAGEMENT IN THE AUSTRALIAN RAIL
INDUSTRY FOR SUPPLY CHAIN BEST PRACTICE
The Australasian Railway Association (ARA)
and GS1 Australia have officially launched
the new Implementation Guideline for
the Effective Management of Inventory in the
Australian Rail Industry to improve efficiency,
lower costs and deliver better customer service
for the rail industry using GS1 standards.
Developed over the past 18 months by GS1
Australia in consultation with the Australasian
Railway Association Inventory Management
Improvement Initiative and associated industry
working group, the guideline was officially
launched at AusRAIL 2016 in Adelaide with
Phil Allan, ARA's chief operating officer, Maria
Palazzolo, GS1 Australia's chief executive officer,
and Bonnie Ryan, senior manager -- trade,
transport & heavy industry at GS1 Australia.
Transforming the Australian
"Australia's rail industry is significantly
challenged with managing efficient
maintenance repair and overhaul (MRO)
processes to ensure and maintain the
optimum quality of assets across the sector,"
said Mr Allan.
"To address this industry challenge, the
ARA and its members from the working
group including rail operators, suppliers,
manufacturers and contractors have worked in
partnership with GS1 Australia and developed
the guideline that underpins supply chain best
practice for inventory management and stock
control using GS1 standards."
Based on GS1 global supply chain standards,
the objective of the new Implementation Guideline
for the Effective Management of Inventory
in the Australian Rail Industry is to set an
industry standard for how to implement unique
identification and automatic data capture using
barcoding and/or RFID tagging in organisations
and value chains across the rail industry.
Data capture technology is key
Speaking at AusRAIL 2016, Maria Palazzolo
said the new Implementation Guideline for
the Effective Management of Inventory in
the Australian Rail Industry will provide the
foundational element that will help the Australian
rail industry be more efficient and profitable by
introducing data capture technologies to better
control inventory and support more effective
asset management processes.
"This new capability will represent an
important milestone in the history of the
Australian rail industry. The guideline will assist
members to implement the agreed standards by
marking MRO materials and components in a
consistent way to improve inventory and supply
chain processes that will significantly reduce
costs and lead to more effective management
Benefits throughout the
entire value chain
Standardising the way materials in the rail
industry supply chain are identified and marked
will bring dramatic benefits for users throughout
the entire value chain. These benefits include
reduced inventory costs, improved management
and control over materials and assets, reduced
risk by having improved traceability, speed and
accuracy, and much more.
"The Australian rail network is one of the
largest in the world that contributes significantly
to our country's GDP. The adoption of the new
guideline will give stakeholders the opportunity
to effectively identify materials, capture data
electronically and then exchange that information
with trading partners," added Ms Ryan.
"There is currently no standardised approach
to the way materials and assets in the Australian
rail environment are identified and marked.
Using a common, standards-based approach
for the identification and marking of materials,
components, logistics units, locations and assets
will simplify some fundamental processes in
the Australian rail industry that will result in
improved inventory management and more
effective asset management overall."
The guideline recommendations for best
practice encompass the minimum requirements
of the Australian Rail Industry.
For more information about the new
Implementation Guideline for the Effective
Management of Inventory in the Australian Rail
Industry, please contact Bonnie Ryan, senior
manager -- trade, transport & heavy industry,
GS1 Australia at firstname.lastname@example.org.
MHD SUPPLY CHAIN SOLUTIONS --- JANUARY / FEBRUARY 2017 21
DATA CAPTURE AND IT 21
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