Vendor Managed Inventory (VMI) – Success Depends on People
Human relationships and understanding play a vital role in the success of Vendor Managed Inventory (VMI) systems.
VMI – Supply Chain Collaboration on Steroids
Vendor Managed Inventory (VMI) revolutionizes supply chain collaboration, optimizing inventory management and partner relations.
VMI – What are the Benefits?
What are the strategic and tactical benefits of VMI for enhancing supply chain collaboration, increasing revenue, and improving service levels?
VMI – Success Directly Correlates to People
VMI success is deeply connected to the human factors, emphasizing the value of understanding, relationships, and clear communication.
VMI – Do You Need Software?
Is software necessary for effective VMI implementation? Consider factors like scale, integration needs, and technical capabilities.
Inventory Accuracy Pitfalls
The most common inventory accuracy pitfalls stem from minor problems but will snowball into bigger headaches if the root causes aren’t caught and resolved.
Solid Inventory Practices Remain Timeless
Are you keeping close tabs on your inventory management practices? Improving just one aspect of your inventory can lead to improved service, margins and cash flow. Inventory management remains a timeless and vital topic for success. Every so often, we get away from talking about it on a consistent [...]
Lean or No Lean, a Demand Plan is a MUST
Demand planning delivers such useful information on client demand that even Lean devotees will find data on longer-term forecasts, seasonal products and trending patterns useful. Whether you are on the Lean journey or not, you need a demand plan! Prior to forming LMA Consulting Group, I was a VP [...]
Why Planning is at the Crux of Success
May 25, 2016 I just had a brainstorming session with one of my key clients about the integrated planning process - in essence, how demand and supply match up to ensure customer service (which is #1 for every client in today's environment), growth, and improved margins and cash flow. [...]
Inventory As a People Topic
Empowering people to make the right decisions in your organization can be the key to getting the right results in a variety of business cases including inventory management.