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.
Using Capacity Planning to Increase Revenue & Profitability
Manufacturing is on a downward trend after eight months of PMI (purchasing manager's index) below 50. It dropped to 46 in June. China's manufacturing also shrank for a third month in a row to a PMI of 49. Yet manufacturers backlogs remain relatively robust in many industries, leading executives perplexed on what to do about capacity shortfalls.
Scheduling Best Practices to Improve Service & Performance
The best companies focus on production scheduling. Even though Production Schedulers aren't typically highly paid positions, the function will make or break your ability to serve customers, improve operational performance and accelerate cash flow. Thus, it should be a key priority if you want to achieve profitable growth.
SIOP / S&OP: Balance Customer Orders, Inventory, & Profitability
If you want to serve your key customers successfully (with high on-time-in-full (OTIF), short lead times, and proactive service) so that you can take advantage of the opportunities coming down the pike while addressing the hard realities of the current business environment (potential recessions, high interest rates, and less access to capital), you MUST balance sales, operations and inventory.
Silicon Valley Bank’s Failure Kicked Off a Liquidity Crisis
Silicon Valley Bank's Failure kicked off panic in the financial markets and banking system. They had too much money tied up in long term bonds paying at low interest rates, and they didn't have the liquidity to keep up with the depositors requests to take money out of the [...]
Inventory Management: Go Back to the Basics for Success During Today’s Volatility GalleryInventory Management: Go Back to the Basics for Success During Today’s Volatility
Distribution & Warehousing, Inventory Management, Manufacturing, Production & Inventory Management, Supply Chain Planning, Supply Chain Trade & Logistics
Inventory Management: Go Back to the Basics for Success During Today’s Volatility
Volatility is the New Norm If there is one thing that is certain in today's world, it is that volatility and change are the new normal. VUCA (volatility, uncertainty, complexity, ambiguity) is top of mind for every client. For example, clients ask the following questions: What will happen next? [...]
Labor Scheduling: How to Maximize Operational Effectiveness While Servicing Your Customer
At its simplest, labor scheduling is determining which people (and which skills) you should have at which sites at which work centers at what time (shift) to ensure the right products can be delivered to the right customer at the right time.
Just-In-Time When Supply Chains Are Backlogged
The rising cost of transportation bottlenecks and service delays have left logistics managers with much to manage. Calculating the total cost of these issues is difficult when only addressing a predetermined price per transaction. Strategic partnerships between shippers and carriers can mitigate pain points and lead to a better customer experience. But, how can logistics partners improve the supply chain and reduce cost in today’s operating environment and create resilience in logistic operations?
Supply Chain Dive: Did the Pandemic Really Kill Just-in-Time? Experts Weigh In
Lisa Anderson was quoted in Supply Chain Dive on whether just-in-time (JIT) is sill relevant or has the world moved to just-in-case.
Quality Digest: LMA Consulting Sees Supply Chains Reshaping to Balance Inventory
Lisa Anderson's press release about the reshaping of supply chains was picked up by CSCMP. Rightsizing and balancing inventories is becoming essential to success especially with increasing interest rates.