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Inventory Management

Gaining a Logistics Edge with Inventory Management

Logistics costs have been staggering. According to the 33rd Annual State of Logistics report produced by the Council of Supply Chain Management Professionals by the global consulting firm Kearney and presented by Penske Logistics, U.S. business logistics costs rose by 22.4% last year.

Production Scheduling Best Practices Drive Increased Customer Service, Operational Efficiencies & Inventory Turns

Manufacturing has struggled to produce what customers want on-time without spending a fortune and tying up excess cash unnecessarily in the wrong, "just-in-case" inventory. It is a tough environment spiraling out of control with supply chain chaos.

Are You Managing Inventory or Is Inventory Managing You?

As executives continue to navigate these volatile economic conditions, the focus on inventory management increases. It is especially tough to determine what to do if you don't know if sales opportunities will dramatically increase as the competition falters and consumers drive demand or if sales will tank as recession fears increase and business optimism falters.

Supply Chain Collaboration & VMI to Get Ahead of Economic Challenges

Manufacturers are experiencing continued inflationary pressures threatening customer service and profit margins with record-breaking price increases and lack of material availability.  To add fuel to the fire, they are also starting to worry about preparing for a potential recession.

Material Planning Best Practices to Proactively Manage Cost & Service

Since the pandemic, it has been a constant battle to ensure material availability, let alone to proactively manage cost and service. Even the most proactive and successful clients have experienced brief shortages of key materials and extended lead-times. The rest have been plagued with these issues.

Production Planning Best Practices to Recover Capacity

Every production planner has the challenging job of managing a complex set of conflicting priorities - meeting customer requested ship dates and new product trials, supporting manufacturing and logistics performance objectives, and addressing finance's objectives as it relates to inventory levels and cash flow.

Is JIT Dead?

Several clients are wondering, “Is JIT Dead?”. Definitely not. But, if you are ordering just-in-time literally from China and expecting to not experience disruptions without strategic stockpiles, capacity or agility built into the picture is not smart. Listen to our video on JIT. [...]

Brushware magazine: Is JIT Dead?

Published in Brushware Magazine on Sept. 10, 2020 Lisa Anderson, founder and president of LMA Consulting Group Inc. weighs in on the current ins and outs of just-in-time inventory as a strategy in light of the current COVID-19 business environment. Click here to read more.

2022-09-12T07:59:22+00:00September 10, 2020|Categories: In The News, Inventory Management, Manufacturing, Supply Chain|Tags: |

What’s Happening in Manufacturing and Supply Chain: Just in Time (JIT)

JIT Might Not Be What it is Cracked Up to Be?!

Just-in-time might not be what it is cracked up to be! Certainly, the coronavirus impacts should give us reason to question this rule at face value. Are you running so tight that you only have one bin, pallet or small supermarket to keep your facility running? If so, the [...]

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