Inflation, Deflation, What to Do in the Supply Chain?
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.
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.
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.
Our most successful clients are constantly thinking about how to thrive in ever-changing, volatile conditions. They cannot afford to wait to see what is working for their competitors and then go "all in". Instead, only those who are resilient, innovative, and thinking five steps ahead will thrive in the next decade.
If you don't have a modern ERP system that will support your business growth and changing customer requirements that also supports your ability to scale profitability and with greater levels of automation and predictive analytics, you need an upgraded ERP system YESTERDAY! Just a few years ago, we could [...]
Boost margins and customer loyalty with effective customer value based pricing strategies. See why every CEO agrees!
Have you thought about your strategy and whether it relates to your pricing? It is easy to get caught up in competitive pricing situations and start to lower your price; however, it might be the time to take a step back and see whether what you are doing matches your branding and strategy.
Unveil value-driven pricing and profit strategies to forge a win-win for customers and your business's bottom line.
There is no doubt that the most successful executives utilize all of these techniques to make sure they generate a seemingly never-ending stream of ideas to increase the value of their business. Will you set aside time on a daily, weekly and monthly basis to priorities these activities?
My colleague and I led a Kaizen workshop on metrics last week with a process manufacturing client. It is always interesting to brainstorm which metrics are the most relevant in tracking a company's success. They are NOT always the same.