Inflation is rising faster than at any time in recent memory. Businesses must deal with rapid cost increases by managing cash flow efficiently and communicating effectively with customers and suppliers. The benefits of inventory reduction must be balanced against the need to maintain critical stock for top customers.
"Proactively managing cash flow is critical right now," says Lisa Anderson, president of LMA Consulting Group, Claremont, Calif. This can be done by running periodic forecasts.
There is no doubt we are struggling with volatility in the supply chain. Inflation is the hot topic on one hand with rising prices, difficulty in finding people, wage inflation and much more.
Lisa Anderson, manufacturing and supply chain expert and president of LMA Consulting Group states there are operational and supply chain priorities required to be ready to absorb additional sales". One of the most important components is to have planning and scheduling processes required to be ready to absorb capabilities.
Reshoring is accelerating as manufacturers seek greater control, shorter lead times, and more resilient supply chains. Discover why companies are expanding manufacturing capacity and how proactive planning can position your business to capitalize on unprecedented growth opportunities.
Because we live in a global, supply chain disrupted world amidst record-breaking prices for food, commodities and oil (and all products dependent on these industries), not only are businesses looking to navigate inflationary pressures, but also deflationary pressures. Inflation can lead to deflation as consumers panic and demand softens.
"Our most successful clients are not hiding under a rock and maintaining status quo during these inflationary times," points out Lisa Anderson, president of Claremont, CA-based LMA Consulting Group, Inc. and manufacturing expert known for creating supply chain resiliency."
Supply chain disruptions have become a convenient excuse, but successful companies are taking control. Lisa Anderson explains why proactive planning, risk management, backup strategies, and collaboration with end-to-end supply chain partners are essential to building resilience and navigating continued volatility.
Inflation and supply chain volatility are putting increasing pressure on manufacturers to make faster, smarter decisions. Learn how resilient companies use SIOP to align demand, capacity, inventory, and profitability so they can adapt quickly, strengthen cash flow, and position themselves for long-term success.
Lisa Anderson, Manufacturing and Supply Chain Expert and President of LMA Consulting Group, talks about the coming months and keeping an eye on cash balance."Proactively managing cashflow is critical right now".
