Why Is Inventory Accuracy Foundational to Success?
Inventory accuracy is foundational to success. Most clients aren't concerned about inventory, and they shouldn't be if they can count on what their system says.
Getting Back to Basics to Succeed in Supply Chain
In this episode of Interlinks, I am joined again by my colleagues from the supply chain special interest group of the Society for the Advancement of Consulting to discuss the issue of how and why so many businesses are overlooking the fundamentals of business as we emerge from a period of turbulence characterized by pandemic war and supply chain realignments into an uncertain future.
Inventory Management: Go Back to the Basics for Success During Today’s Volatility GalleryInventory Management: Go Back to the Basics for Success During Today’s Volatility
Distribution & Warehousing, Inventory Management & Control, Manufacturing, Production & Inventory Management, Supply Chain Planning, Supply Chain Trade & Logistics
Inventory Management: Go Back to the Basics for Success During Today’s Volatility
Volatility is the New Norm If there is one thing that is certain in today's world, it is that volatility and change are the new normal. VUCA (volatility, uncertainty, complexity, ambiguity) is top of mind for every client. For example, clients ask the following questions: What will happen next? [...]
Just-In-Time When Supply Chains Are Backlogged
The rising cost of transportation bottlenecks and service delays have left logistics managers with much to manage. Calculating the total cost of these issues is difficult when only addressing a predetermined price per transaction. Strategic partnerships between shippers and carriers can mitigate pain points and lead to a better customer experience. But, how can logistics partners improve the supply chain and reduce cost in today’s operating environment and create resilience in logistic operations?
Supply Chain Dive: Did the Pandemic Really Kill Just-in-Time? Experts Weigh In
Lisa Anderson was quoted in Supply Chain Dive on whether just-in-time (JIT) is sill relevant or has the world moved to just-in-case.
Quality Digest: LMA Consulting Sees Supply Chains Reshaping to Balance Inventory
Lisa Anderson's press release about the reshaping of supply chains was picked up by CSCMP. Rightsizing and balancing inventories is becoming essential to success especially with increasing interest rates.
Right-size Inventory to Thrive During Inflationary & Recessionary Times
Inflation, Recession, Both? We are in unique times with inflationary pressures continuing while recessionary trends are emerging as well. In either instance, it is vital to right-size inventory. It will not change anytime soon. With interest rates rising rapidly, it will curb demand while increasing the cost of capital. [...]
Gaining a Logistics Edge with Inventory Management
Logistics costs have been staggering. According to the 33rd Annual State of Logistics report produced by the Council of Supply Chain Management Professionals by the global consulting firm Kearney and presented by Penske Logistics, U.S. business logistics costs rose by 22.4% last year.
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.
Katie Couric Media: After a Year of Shortages, Here’s Why Stores Suddenly Have too Much Stuff
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."