Mission Rubber partnered with LMA Consulting Group to improve customer service, reduce seasonal disruptions, and create a more stable operation. Through SIOP, capacity planning, improved ERP utilization, and strategic inventory planning, the company improved service levels, stabilized its workforce, and strengthened operational performance throughout the year.
When inventory accuracy fell to 85% and confidence in cost accounting declined, the company partnered with LMA Consulting Group to assess and optimize its ERP system. By improving data integrity, redesigning processes, and enhancing system utilization, inventory accuracy increased to 99.8%, profitability visibility improved, and leadership gained the insights needed to make better business decisions.
In this Supply Chain Byte, Lisa Anderson explains recent breakthroughs in quantum computing, how supply chains can leverage this powerful technology and what manufacturers can do now to prepare and take advantage of these and other emerging technologies.
Taking your supplier / customer relationships to the next level of partnership is integral to supporting profitable growth with exceptional customer service and cash flow (ie. inventory turns) levels. Vendor managed inventory (VMI) can be integral to maximizing revenue/ service, profitability, and working capital.
As companies are concerned about declining backlogs, they are searching for solutions to keep top talent and stop the bleeding. Executives are using SIOP to maximize margins while preparing to scale up successfully for a manufacturing resurgence.
A cargo spill can cause more than a mess — it can delay shipments, raise safety concerns and disrupt the supply chain. In this Supply Chain Byte, Lisa Anderson breaks down how to plan for the unexpected, coordinate with partners and adjust plans through SIOP to minimize disruption.
Distributors play a critical role in the supply chain in connecting manufacturers to customers with inventory, logistics, and fulfillment. As tariffs, geopolitical risks, and tax and regulatory changes take place, supply chains will evolve. Forward-thinking distributors are determining how to mitigate risks and take advantage of the opportunities that emerge with artificial intelligence and advanced technologies.
"SIOP" stands for Sales, Inventory, Operations Planning (SIOP). Depending on the industry or organization, you may also hear it referred to as “S&OP” or Sales and Operations Planning. Sometimes, it is even referred to as “IBP” or Integrated Business Planning. Typically, they mean the same thing. The most important words to emphasize are planning and alignment.
Increasing inventory levels is seen as a trade-off with service and efficiency levels; we find that a win-win-win is achievable. The key: Have the right inventory in the right place at the right time and gain a predictive view of demand to optimise your schedules to reduce inventory while increasing service and efficiency.
Lisa Anderson shares expert views on AI in supply chain planning, forecasting, SIOP, and real-time inventory visibility in a new publication from Intelligent Enterprise Leaders Alliance: 'AI & Analytics in Supply Chain'.
