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Inventory Management

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.

Katie Couric Media: After a Year of Shortages, Here’s Why Stores Suddenly Have too Much Stuff

Lisa Anderson, a supply-chain management expert and the president of LMA Consulting Group, says if you’ve got the cash on hand now,"it’s not a bad idea to start your holiday shopping early this year."

Snowflake: Just-in-Time for Real Life

"The minority of clients that are proactive were using just-in-time principles, but in a way that works during the pandemic," said Lisa Anderson, President of the LMA Consulting Group. "As a decision-maker, I need to have a certain amount of safety stock, but I will replenish that as we take orders, and we'll replenish those reserves [...]

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. Watch our video on JIT. [...]

2024-02-15T17:10:54-08:00September 23, 2020|Categories: Inventory Management, Supply Chain Planning|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 [...]

2024-02-15T21:23:32-08:00March 31, 2020|Categories: Inventory Management, Supply Chain Planning|

51 Expert Tips on Inventory Control Methods

“Inventory accuracy is cornerstone to success” says Lisa Anderson, The Manufacturing ConnectorSM and president of LMA Consulting Group, Inc., Claremont, CA. 51 Expert Tips on Inventory Control Methods Inventory control is a critical function for businesses spanning every industry. Without effective inventory control methods, the supply chain suffers, you’re not [...]

Top 5 Inventory Management Techniques

Great inventory management techniques are critical as supply chain complexity grows. Here's a look at the top techniques to help your company succeed. Whether you're an SMB or a large enterprise, solid inventory management techniques are critical for success. Inventory management, a component of supply chain management (SCM), controls [...]

Inventory or Capacity?

Inventory has emerged as a hot topic lately. In today’s Amazon-impacted business environment, customers expect rapid, customized deliveries, the ability to change their mind anytime and easy interactions.

Top Trending Client Request: Reduce Inventory

ore than 50% of client requests in the last several months have related to inventory. In fact, it seems to be a trending hot topic! In today's era of the Amazon Effect where customers expect more and have ZERO patience to wait yet we are in a volatile environment with tariffs and concerns about space, costs and more, more inventory is needed to grow the business yet businesses cannot afford it.
2023-11-19T17:38:28-08:00September 10, 2019|Categories: Inventory Management, Supply Chain Planning|Tags: , , |
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