As business executives contend with weaker backlogs, heightened supply chain risks and concerns about business stability due to tariffs, cash and certainty have emerged as hot topics for ensuring success. The Global Supply Chain Think Tank discusses trends, impacts, and strategies for success.
What separates companies that thrive from those that stall in today’s chaotic landscape? In this Supply Chain Byte, Lisa Anderson shares how companies are taking advantage of the current turmoil and turning it into opportunity. Whether you're facing labor issues, market volatility or supplier uncertainty, discover how to take the lead when others fall behind.
At Frazier Industrial, staying ahead of customer demand is critical. Christina Walz, Director of Strategic Production Planning explains how Frazier streamlined processes, improved planning visibility, and enhanced order fulfillment across manufacturing, sales, and engineering with the help of LMA Consulting. Watch how strategic process improvements are transforming operations and delivering greater customer value.
During a discussion with manufacturing and supply chain professionals at the Association of Supply Chain Management chapter of San Fernando Valley, California, we talked about strategies to unlock the future by mastering supply chain challenges and opportunities.
Lisa Anderson and the team at LMA Consulting working with Nellson to upgrade the planning, purchasing/ MRP, supply chain and S&OP/ SIOP processes. The result was improved service levels with on time in full (OTIF) from the low 90's to the high 90's; reduced inventory levels; reduced obsolete inventory, improved billbacks on expired material (from around 0% to nearly 100%); and gained more value from the ERP system.
One of the strategies to better plan for the future so you aren't caught up in what appears to be a never-ending supply chain debacle is to reevaluate your manufacturing and supply chain footprint. Should you re-shore? Near-shore? Partner with suppliers in the region?
According to surveys in both North America and Europe, executives are not just talking about reshoring; they are taking action. Does that mean globalization is dead?
Of course, it was very exciting to be featured on Bloomberg's 'What'd You Miss?' show! It speaks to the rising popularity of reshoring and business executives' concern about dependence on Asia, China, far away suppliers, and geopolitical and supply chain risks that Bloomberg is searching for supply chain experts [...]
