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.
Manufacturing and Supply Chain Expert Lisa Anderson, President of LMA Consulting Group has introduced Supply Chain Chats, a video and interview series that will provide insights, ideas and innovation to address current supply chain issues.
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.
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. [...]
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.
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 President of LMA Consulting Group, specialising in the supply chain, ERP and S&OP to help manufacturers and distributors elevate business performance. She provides expertise and advice on maximising the customer experience and enabling profitable, scalable, and dramatic business 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.
Lisa Anderson, a supply-chain management expert and the president of LMA Consulting Group, says if you’ve got the cash on hand now,"it’s not a bad idea to start your holiday shopping early this year."
NxtGen Nexus: The Importance of Customer Service "Employees follow people, not companies. Are you investing in leaders, and are your leaders leading?" comments Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group Inc.