During times of volatility including inflation and recession, forecasting future sales becomes even more vital than it is during regular business cycles. Emerging from the pandemic, the global markets have experienced rising costs and significant demand. In the U.S. [...]
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.
Lisa Anderson was named a top ERP influencer for her expertise in supply chain, ERP and S&OP. Her work helps manufacturers and distributors leverage technology and planning processes to improve business performance, customer service and profitable growth.
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.
Supplier risk can quickly disrupt production, inventory, and customer service. Lisa Anderson participates on a panel and discusses five steps businesses can take to improve supplier visibility, leverage better data, strengthen supply chain planning, and proactively identify and manage supplier risk.
As clients become interested in S&OP (Sales & Operations Planning), also known as SIOP (Sales, Inventory, and Operations Planning) to get in front of customer requirements while simultaneously increasing margins and profits, executives want to know if software is required to support S&OP success.
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.
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.
A supply chain is only as strong as its weakest link. Discover how proactive planning, SIOP, supply chain visibility, inventory management, and technology can help strengthen resilience, minimize disruptions, and improve customer service, productivity, and profitability.
Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group Inc., predicts supply chain challenges for the foreseeable future. She also suggests that mitigating supply chain challenges will require leveraging the strength of direct and indirect global supply chains.
