Costa Rica’s Nearshoring Opportunities in Biotech Manufacturing & Its Biodiversity
I went to Costa Rica with my brother and nephew, and so I've been thinking about the amazing Costa Rican biodiversity, beaches, birds and biotech manufacturing.
BBC: The Firms Sourcing Locally to Avoid Global Supply Chain Woes
Supply chain expert Lisa Anderson says the global system has never been more volatile.
Production Scheduling Best Practices Drive Increased Customer Service, Operational Efficiencies & Inventory Turns GalleryProduction Scheduling Best Practices Drive Increased Customer Service, Operational Efficiencies & Inventory Turns
Best of Supply Chain, Manufacturing, Production & Inventory Management, Production & Materials Planning, Supply Chain Planning
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.
Are You Managing Inventory or Is Inventory Managing You?
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.
Manufacturers are Remaining Positive Amidst Chaos
According to the National Association of Manufacturers (NAM), 82% of manufacturers remain at least somewhat positive about their company's outlook. This statistic is especially interesting since 59% thought continued inflation would make a recession more likely in the next 12 months. Perhaps manufacturing should be even more positive as [...]
Material Planning Best Practices to Proactively Manage Cost & Service
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.
SelectHub: Manufacturing Trends 2022: Maintaining a Competitive Edge
Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group Inc., shares her thoughts on 3D printing.
5P Accelerator Process to Fast-Track Growth & Profits During Business Volatility
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.
Proactive Planning to Grow & Scale
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.
Capacity Planning Best Practices to Support Sales Growth
Sales Growth: Can Operations & Supply Chain Keep Up? Almost every client has the opportunity to grow substantially. The question is whether their operations and supply chain can keep up. Unfortunately, across the board, planners are wringing their hands to expedite orders, prioritize customers, schedule additional production, understand the [...]