Navigating a Slow Economy: Strategies for Manufacturers
Lisa Anderson of LMA Consulting Group was quoted in Manufacturing Dive about how manufacturers can navigate a slowing economy.
Effective Backlog Management to Rapidly Improve Service
Customer service has suffered in the last few years. Yet providing a superior customer experience is paramount to success especially during these turbulent times of volatility, uncertainty, complexity and ambiguity (VUCA).
Why Is Inventory Accuracy Foundational to Success?
Inventory accuracy is foundational to success. Most clients aren't concerned about inventory, and they shouldn't be if they can count on what their system says.
Does Customer Service Matter: Uber vs Taxis?
Prior to Uber, a medallion (a transferable permit that allows a taxi driver to operate) cost $1 million dollars in New York city. It was a powerful permit with substantial value. After Uber started up, the low point for a medallion was around $25,000. That is a 40-fold reduction [...]
How Smart Manufacturers Are Navigating Interest Rate Hikes
Interest rates have increased by a historic amount within the last year. Increases of almost 5 points on such an aggressive timeline is already having a significant impact on manufacturers and distributor’s ability to fund and support their business growth.
Healthcare Supply Chains
Originally posted in Adhesives and Sealants Industry in May of 2023 As the healthcare industry supply chain faces more challenges, supporting industries must be proactive, resilient, and innovative. Although the visible bottlenecks in the healthcare supply chains are getting calmer, volatility will remain high. From the impacts of increasing [...]
How Packaging Can Contribute to the Triple Bottom Line
With the increase in interest in the three P’s of the triple bottom line (people, planet, and profit), packaging rises to the forefront. It is controllable, and there are several options for how packaging can contribute to the triple bottom line.
Common Sense Manufacturing Practices Driving Sustainability Improvements
With the increase in interest in sustainable materials and manufacturing, there will be a significant opportunity for U.S. manufacturers that use common sense, good manufacturing practices. In fact, because manufacturers have realized that it is far less environmentally friendly and energy efficient to produce in Asia, India, and the [...]
Inflation Busters—Protecting Profits as Costs Rise
Inflation is rising faster than at any time in recent memory. Businesses must deal with rapid cost increases by managing cash flow efficiently and communicating effectively with customers and suppliers. The benefits of inventory reduction must be balanced against the need to maintain critical stock for top customers.
What Are Clients Experiencing in Today’s Business Environment?
Our clients continue to experience an unprecedented level of volatility and complexity. The common themes include: Continued supply chain disruptions: From computer chips to commodities to everyday components/ materials, clients continue to experience shortages and/or extended lead times. Continued challenges in finding people: Whether you are looking for [...]