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.
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 [...]
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.
Manufacturers are focused on successfully navigating continually changing conditions to serve customers while driving profitable growth. End-to-end supply chains are evolving, creating shifting demand patterns and customer order volatility.
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 rules at one of the world's most influential and largest technology conferences, the Consumer Electronics Show (CES). This year's event highlighted a diverse array of products designed to enhance efficiency, personalization and sustainability.
The LA County fires are leaving a lasting impact on supply chains. In this Supply Chain Byte, Lisa Anderson discusses the challenges businesses face and actionable steps companies can take to adapt and maintain resilience during this crisis.
Lisa Anderson warns that the recent devastating fires in Los Angeles County will have far-reaching impacts on supply chains well beyond the immediate area. With over 100,000 people displaced and critical infrastructure, IT systems and power grids affected, businesses across industries must prepare for disruptions that could persist for months.
