VMI (vendor managed inventory) is the process where the supplier manages the customer's inventory so that the customer has the "right" item in the "right" place at the "right" time to ensure high service levels, efficient and productive operations, and the least amount of inventory tied up unnecessarily. The best VMI programs ensure that the end-to-end supply chain gains with both the supplier and the customer achieving improved results or benefits.
Supply chain shortages have improved from their all-time high in Q1 2024. Yet, risks remain high, especially with the increased level of vulnerabilities.
In today's VUCA-laden (volatility, uncertainty, complexity, ambiguity) environment, every executive must focus on common sense solutions that cut through the sludge to deliver increased productivity, profitability, and performance. Only those companies that are prepared to pivot and enhance customer value while delivering bottom line results will thrive in the [...]
One of the most common issues executives raise is the inability to secure reliable delivery dates upfront when communicating with customers and taking orders. Clearly, this bottleneck results in frustration and the potential for lost orders as customers demand reliable delivery dates, stable lead times, and expedited performance.
Executive interest in transforming their supply chain has increased to heightened levels. The pandemic highlighted the risks in the end-to-end supply chains.
An early warning indicator should provide a heads up to changing conditions in your end-to-end supply chain. With all the volatility, uncertainty, complexity, and ambiguity (VUCA) in the supply chain, it is vital to get a heads up to risks, potential dangers, and opportunities coming down the pike.
How do you plan for demand when every order is custom? In this episode of Supply Chain Chats, Lisa Anderson sits down with Diane Garcia, LMA Senior Associate, to break down Demand Planning for Custom Manufacturing.
Common sense is uncommon. Lately common sense seems to be in short supply. However, it is worth pursuing as there is a powerful return on investment (ROI) in using common sense.
AI is transforming manufacturing—but how can it be used wisely? In this Supply Chain Byte, Lisa Anderson breaks down the real value of AI and shares practical examples of how manufacturers can leverage it for efficiency, value and growth. Don’t just follow the buzz—learn how to make AI work for your business.
"Trump is utilizing tariffs as a negotiating tool in support of his agenda. Although most of what is communicated as potential tariffs is unlikely to go into effect for extended periods of time, tariffs will be rolled out in the next few months." Lisa Anderson is quoted in this article from PYMNTS.
