Made in the USA! Instead of fiddling around dipping our toes in the water, we should put a full court press on expanding manufacturing in the USA. Why? Let's just consider a few questions: Should we put our eggs in the China basket? Only if you enjoy substantial risk... [...]
- Production Scheduling Best Practices Drive Increased Customer Service, Operational Efficiencies & Inventory Turns Gallery
Production Scheduling Best Practices Drive Increased Customer Service, Operational Efficiencies & Inventory TurnsInventory 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.
In this episode of Supply Chain Chats, Lisa Anderson talks about impacts on the global supply chain from the Russia-Ukraine war and the infant formula crisis. She discusses a client challenge related to the availability and pricing of nickel stemming from the Russia-Ukraine war and how the client proactively addressed the issue.
In this discussion we explore some of the challenges and remedies that companies across the sectors are encountering as they face into the post-COVID future and the challenge of a never normal world with ongoing supply chain disruptions, geopolitical tensions, and climate change.
As our long-term newsletter subscribers and ProVisors (trusted advisor network) colleagues are aware, we have used the Strongest Link in Your Supply Chain” as our tag line for a decade or longer. However, it has never been more relevant than it is today! As has been proven through the pandemic and continuing supply chain disruptions, any company’s performance is only as strong as the weakest link in their supply chain.
According to Interos, almost 90% of companies experienced a negative impact to revenue due to supply chain disruption. That is a BIG number! From our point-of-view, every client is complaining about the lack of critical resources required to support the business and has experienced negative impacts to revenue (even if only in terms of a delay to revenue recognition).
According to FactSet Insight, revenue growth is predicted at 7.5% for 2022 which is substantial when considering it is following record-breaking growth in 2021. Clients and colleagues are seeing record increases in sales revenues and pricing.
Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, president of LMA Consulting Group Inc. joins Industrial Insights with Justin Smith to discuss how sales, inventory and operations planning (SIOP/ S&OP) can help companies overcome supply chain disruptions and thrive post pandemic.
Even with the ports open, getting the materials off the containers is still a challenge, especially as the trucking industry remains a drivers’ market. “You have to send the trucks to the appropriate terminals,” comments Lisa Anderson, Manufacturing and Supply Chain Expert, MBA, CSCP, CLTD, president of LMA Consulting Group Inc.
Lisa Anderson, founder and president of LMA Consulting Group Inc. discusses leading the decisions to realign your supply chain to elevate the customer experience.