VMI (vendor managed inventory) is the process where the supplier manages the customer's inventory so that the customer has the "right" item in the "right" place at the "right" time to ensure high service levels, efficient and productive operations, and the least amount of inventory tied up unnecessarily. The best VMI programs ensure that the end-to-end supply chain gains with both the supplier and the customer achieving improved results or benefits.
Is your supply chain as strong as your weakest link? True supply chain resilience means looking beyond your immediate partners. From suppliers’ suppliers to contract manufacturers and logistics providers, visibility and alignment are critical. Lisa talks about 4 key areas of immediate importance in manufacturing.
If you have domestic production and you’re going to move products into Southern California because you want to supply customers here, you do have a choice.
Tariffs continue to cause great stress in the financial markets and with certain industries. In fact, it divides manufacturers from distributors, logistics, and goods movement industries largely dependent on imports and trade.
LMA Consulting Group is excited to introduce Supply Chain Power: A Playbook for Executives — an exclusive, hands-on program designed to help C-suite leaders unlock the full potential of their supply chains.
Concerns over the trade war that erupted when Trump announced higher tariffs against most U.S. trade partners this month rippled across the country - including the Inland Empire, the region sometimes called the warehouse of the western United States. But the Inland region might not take as large an [...]
In this Supply Chain Byte, Lisa Anderson, President of LMA Consulting Group, highlights why energy is at the core of everything in supply chain and manufacturing. From powering automation and AI to driving production and logistics, energy access and strategy are critical to growth. As demand soars, companies must rethink how they plan, invest and prepare for the energy needs of tomorrow.
Success or failure will depend on your talent. If you wait for stability to invest in talent, your competition will pass you by.
The most important strategy to minimize the impact of sudden tariff changes is to create a resilient supply chain. Addressing tariffs requires a short-term and long-term strategy. In the short term, you must stay ahead of changing conditions, enhance your supply chain visibility so that you know the origin and risks of your end-to-end supply chain and be ready to move rapidly.
In this Supply Chain Byte, Lisa Anderson, President of LMA Consulting Group, spotlights the unmatched power of manufacturing in driving economic growth. From job creation and innovation to fueling supply chains and national security, manufacturing is at the heart of a thriving economy. Tune in for a quick dive into why forward-thinking businesses must prioritize and invest in their manufacturing strategy to stay competitive.
