According to this week's GDP report, the real growth rate was minimal (around 1.1%) during the first quarter. On the other hand, inflation remains high, around 5.3%. This seems to reflect stagflation. Unfortunately, business equipment spending was around -7.3%, and inventories are down. PMI (Purchasing Managers' Index), an [...]
CLAREMONT, Calif., April 3, 2024/ExpertClick/—The key to positive AI integration is to explore opportunities and understand where this technology can best be used, according to The Society for the Advancement of Consulting® (SAC). Organizations that start the process now will gain a clear advantage of scale, having had more [...]
Lisa Anderson was quoted in SelectHub on what will be important in ERP circles in the year ahead. Read about the importance of business intelligence and ERP. "Clients have realized they need to be able to slice and dice data to quickly assess changing conditions, make directionally correct decisions rapidly to keep demand and supply aligned and get a quick [...]
Manufacturing and Supply Chain Expert, Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group Inc., talks about how to cope with the turmoil and its effect on manufacturers, their suppliers and their customers.
"Executives realize they need to proactively manage customer service, inventory and their end-to-end supply chain. In order to consider the full picture and related options, business intelligence software is vital, and the AI component to add predictability into the mix is quickly becoming a ‘must have,'" said Lisa Anderson, [...]
I was recently quoted throughout an article in SelectHub "Manufacturing Trends: Leveraging Software and Tech to Maintain a Competitive Edge", and so it has been top of mind. Software and technology will be cornerstone to success as we emerge from the coronavirus pandemic. For example, according to the Hackett [...]
Technology is a tricky topic. On one hand, almost everyone has put technology and ERP implementations on hold due to concerns about COVID impacts and to conserve cash. On the other hand, it is the best time to gain employees' attention and focus to upgrade technology to scale the business, create a superior customer experience and deliver bottom line results.
Do you consider your technology leader an integral member of your executive team? If not, why not? Prior to the coronavirus pandemic, technology was starting to take over the world.
I’ll be talking more and more about the digital transformation as it will impact every client in a substantial way. Recently I met with a significant, regional CPA firm’s manufacturing and technology experts.
Recent predictions say we are headed into the year where technology gains critical mass! That is truly exciting for manufacturers as people and robots work in collaboration to achieve profitable growth and success.
