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.
LMA Consulting Group is excited to introduce Supply Chain Power: A Playbook for Executives — an exclusive, hands-on program designed to help C-suite leaders unlock the full potential of their supply chains.
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 [...]
One of the most common issues executives raise is the inability to secure reliable delivery dates upfront when communicating with customers and taking orders. Clearly, this bottleneck results in frustration and the potential for lost orders as customers demand reliable delivery dates, stable lead times, and expedited performance.
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.
Massive investments are pouring into manufacturing and logistics, from shipping terminals to supply chain infrastructure. But what does this mean for your business? In this Supply Chain Byte, Lisa Anderson breaks down how these investments will fuel explosive growth—and what companies must do now to prepare for the surge. Don't get left behind—watch now!
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.
Is China still a viable place for manufacturing and business? In this episode of Supply Chain Chats, Lisa Anderson sits down with John Tulac, International Business Attorney, to discuss the realities of doing business in China.
Tariffs are making headlines again—but what do they really mean for your supply chain? In this Supply Chain Byte, Lisa Anderson breaks down why tariffs exist, their impact on global trade and what businesses should be doing now to stay ahead. Whether you're managing sourcing, manufacturing or logistics, understanding tariffs is critical to maintaining a competitive edge.
