Forecasting in Flux: Importance of Supply Chain Flexibility
Lisa Anderson of LMA Consulting Group was quoted in a Harvard Business Review report about supply chain volatility and uncertainty that are part of the new normal.
Upgrade Demand Planning Processes & Software to Navigate Economic Challenges
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. [...]
Navigating Current Global Business Challenges with SIOP & Demand Volatility
Lisa Anderson was interviewed by Lucie Newcomb for the podcast series “Staying Global While Staying Home”. They addressed the topic of the state of the global supply chain and strategies to successfully navigate with Sales & Operations Planning (S&OP / SIOP) with an emphasis on getting a handle on demand volatility. [...]
Creating Predictable Revenue with Demand Planning Best Practices
At least 80% of clients contact us to find out how to predict the unpredictable. This is especially true in custom manufacturing, high growth and promotion-heavy industries; however, it remains accurate across the broad spectrum of manufacturing and distribution companies. Predicting the unpredictable demand plan starts by asking common [...]
Shortages Impacting Revenue & Forecasts
2021 was plagued with shortages. As discussed in clients’ demand planning/ forecasting meetings, history is not representative of the future. In one example, the client experienced material shortages and couldn’t sell what customers requested, and so carrying that forecast into the New Year would deliberately carry that issue into 2022.
Do You Know Your Demand for Your Custom Business?
Demand planning is critically important to inventory management success. Drive better inventory control, cash flow, and profitability
Is there an ROI on a Forecasting System?
Since forecasting can deliver significant benefits with increased levels of service, inventory turnover and margin improvement, the question that inevitably arises is whether it makes sense to purchase a forecasting or demand planning system.
Is Demand Planning/ Sales Forecasting Hype or Valuable?
According to Gartner statistics, significant bottom line results can occur with just a 1% improvement in forecast accuracy. In fact, there are staggering improvements in lead time, inventory reduction and margins, so why not at least explore the idea?
Is CRM Valuable?
When clients decide to upgrade ERP, they also look at CRM (customer relationship management) because it makes sense to align the technology infrastructure into a common platform that will be fully integrated and scalable.
Have you Thought about Increasing Demand?
No matter the position of my client (typically a CEO, Owner, CFO, General Manager or Board member), he/she is interested in increasing demand, and the project we are brought in to focus on relates to increasing demand, either directly or indirectly.