inventory Archives - LMA Consulting Group, Inc.

Using SIOP to Make Better Informed Sustainability Decisions
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Using SIOP to Make Better Informed Sustainability Decisions

e-Commerce & Logistics, Manufacturing, SIOP / S&OP, Supply Chain, Sustainability

Using SIOP to Make Better Informed Sustainability Decisions

Sustainability has become popular with consumers, employees and an imperative of large companies. After all, who wouldn't want to participate in saving the planet? In fact, I was interviewed for an Earth Day special "Our Changing Climate" (you'll see me featured in a few segments around 20 minutes in). From a corporate perspective, according to IBM Institute for Business Value, 51% of CEOs now rank sustainability as their greatest organizational challenge.

admin2022-09-07T02:47:30+00:00August 29, 2022|Categories: e-Commerce & Logistics, Manufacturing, SIOP / S&OP, Supply Chain, Sustainability|Tags: best practices, carbon footprint, climate, electricity, emissions, greenhouse gas, innovate, inventory, logistics, planet, planning, processes, recycling, renewable energy, Sales, shortages, sustainability|

Production Scheduling Best Practices Drive Increased Customer Service, Operational Efficiencies & Inventory Turns
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Production Scheduling Best Practices Drive Increased Customer Service, Operational Efficiencies & Inventory Turns

Inventory Management, Manufacturing, S&OE, Supply Chain, Supply Planning (Production, Capacity, Materials, Replenishment, Inventory)

Production Scheduling Best Practices Drive Increased Customer Service, Operational Efficiencies & Inventory Turns

Manufacturing has struggled to produce what customers want on-time without spending a fortune and tying up excess cash unnecessarily in the wrong, "just-in-case" inventory. It is a tough environment spiraling out of control with supply chain chaos.

admin2022-09-06T08:31:08+00:00July 8, 2022|Categories: Inventory Management, Manufacturing, S&OE, Supply Chain, Supply Planning (Production, Capacity, Materials, Replenishment, Inventory)|Tags: customer service, customers, demands, disruptions, inventory, labor capacity, operations, planning, production, profitability, scheduling, supply chain|

Are You Managing Inventory or Is Inventory Managing You?
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Are You Managing Inventory or Is Inventory Managing You?

Inventory Management, Recession-Proofing Strategies, S&OE, Supply Chain, Supply Planning (Production, Capacity, Materials, Replenishment, Inventory)

Are You Managing Inventory or Is Inventory Managing You?

As executives continue to navigate these volatile economic conditions, the focus on inventory management increases. It is especially tough to determine what to do if you don't know if sales opportunities will dramatically increase as the competition falters and consumers drive demand or if sales will tank as recession fears increase and business optimism falters.

admin2022-09-11T04:48:51+00:00July 8, 2022|Categories: Inventory Management, Recession-Proofing Strategies, S&OE, Supply Chain, Supply Planning (Production, Capacity, Materials, Replenishment, Inventory)|Tags: best practices, consumers, customer service, demand, economic, inventory, management, operations, planning, priority, process, Sales, SIOP|

Supply Chain Collaboration & VMI to Get Ahead of Economic Challenges
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Supply Chain Collaboration & VMI to Get Ahead of Economic Challenges

In The News, Inventory Management, Recession-Proofing Strategies, S&OE, Supply Chain, Supply Planning (Production, Capacity, Materials, Replenishment, Inventory), Vendor Managed Inventory (VMI)

Supply Chain Collaboration & VMI to Get Ahead of Economic Challenges

Manufacturers are experiencing continued inflationary pressures threatening customer service and profit margins with record-breaking price increases and lack of material availability. To add fuel to the fire, they are also starting to worry about preparing for a potential recession.

admin2022-09-11T04:47:37+00:00July 7, 2022|Categories: In The News, Inventory Management, Recession-Proofing Strategies, S&OE, Supply Chain, Supply Planning (Production, Capacity, Materials, Replenishment, Inventory), Vendor Managed Inventory (VMI)|Tags: collaboration, inflationary, inventory, operations, OTIF, partnership, planners, planning, Sales, service, strategic, supply chain, sustainable, value-add, vendor, VMI|

Impacts of China & Taiwan on the Global Supply Chain
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Impacts of China & Taiwan on the Global Supply Chain

Global, Import & Export, Manufacturing, Supply Chain, Supply Chain Chats, Video Clips

Impacts of China & Taiwan on the Global Supply Chain

In this episode of Supply Chain Chats, Lisa Anderson talks about impacts on the global supply chain from the Shanghai lockdown and China’s threats to Taiwan. She discusses how the Shanghai lockdown impacted the ports for a few months, creating stockpiles of container ships waiting [...]

admin2022-09-19T17:47:19+00:00June 27, 2022|Categories: Global, Import & Export, Manufacturing, Supply Chain, Supply Chain Chats, Video Clips|Tags: baby formula, computer chips, inventory, manufacturing, ports, replenishment, Shanghai, supply chain, Supply Chain Chats|

Manufacturers are Remaining Positive Amidst Chaos
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Manufacturers are Remaining Positive Amidst Chaos

I've Been Thinking, Manufacturing, Reshoring/ Nearshoring

Manufacturers are Remaining Positive Amidst Chaos

According to the National Association of Manufacturers (NAM), 82% of manufacturers remain at least somewhat positive about their company's outlook. This statistic is especially interesting since 59% thought continued inflation would make a recession more likely in the next 12 months. Perhaps manufacturing should be even more positive as [...]

admin2022-09-08T19:14:43+00:00June 27, 2022|Categories: I've Been Thinking, Manufacturing, Reshoring/ Nearshoring|Tags: chaos, containers, demand, disruption, inventory, manufacturing, nearshoring, partnerships, reshoring, shipping, suppliers, supply chain|

Material Planning Best Practices to Proactively Manage Cost & Service
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Material Planning Best Practices to Proactively Manage Cost & Service

Inventory Management, Manufacturing, S&OE, Supply Chain, Supply Planning (Production, Capacity, Materials, Replenishment, Inventory)

Material Planning Best Practices to Proactively Manage Cost & Service

Since the pandemic, it has been a constant battle to ensure material availability, let alone to proactively manage cost and service. Even the most proactive and successful clients have experienced brief shortages of key materials and extended lead-times. The rest have been plagued with these issues.

admin2022-09-08T05:21:06+00:00June 2, 2022|Categories: Inventory Management, Manufacturing, S&OE, Supply Chain, Supply Planning (Production, Capacity, Materials, Replenishment, Inventory)|Tags: escalating prices, inventory, kanban, lead times, master production schedule, material, monthly review, OTIF, planning, replenish, strategies, suppliers|

Getting Ahead of Inflationary and Deflationary Pressures Using S&OP
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Getting Ahead of Inflationary and Deflationary Pressures Using S&OP

Inflation Strategies, Recession-Proofing Strategies, SIOP / S&OP

Getting Ahead of Inflationary and Deflationary Pressures Using S&OP

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.

admin2022-09-11T04:30:08+00:00June 2, 2022|Categories: Inflation Strategies, Recession-Proofing Strategies, SIOP / S&OP|Tags: automation, capacity, customers, deflationary, e-commerce, inflaionary, inventory, manufacturing, price increase, S&OP, SIOP, supply chain, volatility|

Inflation Busters: Protecting Profits As Costs Keep Rising
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Inflation Busters: Protecting Profits As Costs Keep Rising

In The News, Inflation Strategies, Pricing & Profits

Inflation Busters: Protecting Profits As Costs Keep Rising

Inflation has taken root. Businesses everywhere are dealing with annualized cost increases of nearly seven percent--the fastest pace in 40 years and significantly higher than the 1.8 percent average of the past decade. The resulting upticks in operating costs can cause serious damage to the bottom line.

admin2022-09-07T08:38:06+00:00May 2, 2022|Categories: In The News, Inflation Strategies, Pricing & Profits|Tags: analysis, customers, forecast, GreatRecession, inflation, inventory, operations, profits|

Replenishment Planning Best Practices to Improve Service Levels, Logistics Efficiencies, and Inventory Turns
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Replenishment Planning Best Practices to Improve Service Levels, Logistics Efficiencies, and Inventory Turns

Manufacturing, S&OE, Supply Chain, Supply Planning (Production, Capacity, Materials, Replenishment, Inventory)

Replenishment Planning Best Practices to Improve Service Levels, Logistics Efficiencies, and Inventory Turns

Improving OTIF and Reducing Cost and Inventory Every client wants to support growth goals while improving service levels (OTIF, on-time-in-full), operational efficiencies and inventory turns. These are timeless objectives for every planner. During the pandemic, the priorities shifted to service levels because clients struggled to keep up with dramatic [...]

admin2022-09-08T05:19:07+00:00May 2, 2022|Categories: Manufacturing, S&OE, Supply Chain, Supply Planning (Production, Capacity, Materials, Replenishment, Inventory)|Tags: best practices, capacity, delivery, distribution planning, inventory, logistics, on-time-in-full, OTIF, replenishment planning, service, vendor|