Our manufacturing clients have really embraced the power of AI during the last year. From improved forecast accuracy that affects inventory levels, to working more openly with changing customer needs and the overall customer experience, they are already in the effects of using this data.
Inventory has emerged as a hot topic lately. In today’s Amazon-impacted business environment, customers expect rapid, customized deliveries, the ability to change their mind anytime and easy interactions.
Clients and colleagues have demonstrated a heightened interest in inventory reduction recently; however, they are not yet seeing the full value! Certainly, with everyone worried about a potential recession in 2020, they are starting to think about not tying as much cash up in wasted inventory but that is not the 100-pound gorilla. The real question is why we are thinking about corporate mandates and full warehouses instead of seeing the big picture that we should reevaluate our supply chain.
CLAREMONT, Calif., Oct. 22, 2019 /PRNewswire/ -- Manufacturing and Supply Chain Expert, Lisa Anderson, MBA, CSCP, CLTD, president of LMA Consulting Group Inc., sees exports as a significant opportunity for manufacturers to grow and future proof their business. "As manufacturers work on customizing products and meeting ever-changing delivery expectations, it's [...]
Mentorship and practical experience can shape the future leaders of the manufacturing industry
October is manufacturing month, and so we'd be remiss if we didn't highlight the power of manufacturing on our jobs, economy and quality of life. Manufacturing is powerful in its influence although it is often overlooked.
I recently attended a CEO retreat in Santa Barbara. We talked about both our business goals as well as our personal goals and spent two half-days enjoying the area. I took the opportunity to clear my mind so that I could think innovatively.
October 3, 2019 In our Manufacturing month Profit through People newsletter article, we discussed the relevance of manufacturing on the economy, jobs and quality of life. For example, for every $1 spent in manufacturing, $1.82 is added to the economy which is the HIGHEST multiplier effect of any economic [...]
