Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, known as the Strongest Link in Your Supply Chain® and President of LMA Consulting Group Inc., works with organizations to improve and protect supply chains by initiating cross-organizational alignment.
We live in a supply chain disrupted world, and there is no end in sight. It started with the pandemic as the global supply chain got out of alignment. The 'right' inventory wasn't in the 'right' place at the 'right' time to support basic needs let alone nice-to-have items. [...]
Sustainability has become popular with consumers, employees and an imperative of large companies. After all, who wouldn't want to participate in saving the planet? In fact, I was interviewed for an Earth Day special "Our Changing Climate" (you'll see me featured in a few segments around 20 minutes in). From a corporate perspective, according to IBM Institute for Business Value, 51% of CEOs now rank sustainability as their greatest organizational challenge.
Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, known as the Strongest Link in Your Supply Chain and President of LMA Consulting Group Inc., works to protect client supply chains by focusing on supply chain visibility and driving the SIOP (Sales Inventory Operations Planning) process.
The statistics have been staggering. Supply chain disruptions have cost companies an average of $182 million in lost revenue, according to an Interos Supply Chain report. Additionally, there are many unhappy customers in the wake of these disruptions. The bottom line is that the global supply chain [...]
During times of volatility including inflation and recession, forecasting future sales becomes even more vital than it is during regular business cycles. Emerging from the pandemic, the global markets have experienced rising costs and significant demand. In the U.S. [...]
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.
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.
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.
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."
