Forecasting in Flux: Importance of Supply Chain Flexibility
Lisa Anderson of LMA Consulting Group was quoted in a Harvard Business Review report about supply chain volatility and uncertainty that are part of the new normal.
Effective Backlog Management to Rapidly Improve Service
Customer service has suffered in the last few years. Yet providing a superior customer experience is paramount to success especially during these turbulent times of volatility, uncertainty, complexity and ambiguity (VUCA).
Predictable Revenue & Resilient Operations for Manufacturing Success
Manufacturing is in a state of flux. After seven straight months of contraction in manufacturing, it is not surprising manufacturers are thinking about cutting back. On the other hand, in many industries, manufacturers continue to have a robust backlog and are growing faster than their capacity.
Strategies for AI in Manufacturing & Supply Chain
What is All the Hoopla Over ChatGPT? If you haven't been living under a rock, you've heard about ChatGPT and other AI (artificial intelligence) competitors such as Google's Bard and Elon Musk's AI platform. Everyone has gotten into the conversation, from marketing professionals to tech experts to people like [...]
Right-size Inventory to Thrive During Inflationary & Recessionary Times GalleryRight-size Inventory to Thrive During Inflationary & Recessionary Times
Best of Supply Chain, Inventory Management & Control, Manufacturing, Production & Inventory Management, Supply Chain (End-to-End), Supply Chain Planning
Right-size Inventory to Thrive During Inflationary & Recessionary Times
Inflation, Recession, Both? We are in unique times with inflationary pressures continuing while recessionary trends are emerging as well. In either instance, it is vital to right-size inventory. It will not change anytime soon. With interest rates rising rapidly, it will curb demand while increasing the cost of capital. [...]
Building a Recession-proof Strategy for Your Supply Chain
Lisa Anderson, manufacturing and supply chain expert and president of LMA Consulting Group discusses practical insights on how to unlock operating capital and fuel growth.
Navigating Current Global Business Challenges with SIOP & Demand Volatility
Lisa Anderson was interviewed by Lucie Newcomb for the podcast series “Staying Global While Staying Home”. They addressed the topic of the state of the global supply chain and strategies to successfully navigate with Sales & Operations Planning (S&OP / SIOP) with an emphasis on getting a handle on demand volatility. [...]
Production Planning Best Practices to Recover Capacity
Every production planner has the challenging job of managing a complex set of conflicting priorities - meeting customer requested ship dates and new product trials, supporting manufacturing and logistics performance objectives, and addressing finance's objectives as it relates to inventory levels and cash flow.
How SIOP Powers Growth During Supply Chain Disruption
A building products company missed several million dollars in revenue last year because they couldn't meet the demand. Unfortunately, this was a common occurrence. Sales increased dramatically, and they couldn't scale up their manufacturing operations and adapt their purchase requests quickly enough to take advantage of the opportunity.
WBSRocks: Business Growth with ERP and Digital Transformation
Sales and operations planning is a dark art, and most organizations typically have a very ad-hoc process of forecasting due to its nature. But it's critical to be directionally correct with your plan. Or you might end up missing opportunities or losing customers. [...]