“One thing is for certain, shortages are not going away any time soon. From suppliers’ suppliers to transportation challenges, the supply chain is being taxed like never before. Manufacturers need to make hard choices to keep products moving and customers satisfied,” commented Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group Inc.
Manufacturing and supply-chain expert Lisa Anderson, president of LMA Consulting Group, has advised manufacturers and distributors throughout the pandemic on maximizing and leveraging their supply chains. She suggests that prioritizing is a must to optimize the supply chain. LMA Consulting Group works with manufacturers and distributors on strategy and end-to-end supply-chain transformation to maximize the customer experience and enable profitable, scalable, and dramatic business growth.
Although their expectations can be tempered, customers have choices, and they won’t hold out for long if they can’t receive what they want when they want it.
“It’s critical that manufacturers take a hard look at their data,” she adds. “They need to understand what suppliers are performing and their lead times. They need to understand internal capacity, costs, and throughput. And they need to evaluate their customers and products—categorize them in order of importance like volume and profitability. The more data they can assess, the better idea they will have on how best to manage their supply chain.”