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inventory

SelectHub: Manufacturing Trends: Leveraging Software and Tech to Maintain a Competitive Edge

"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, [...]

51 Expert Tips on Inventory Control Methods

“Inventory accuracy is cornerstone to success” says Lisa Anderson, The Manufacturing ConnectorSM and president of LMA Consulting Group, Inc., Claremont, CA. 51 Expert Tips on Inventory Control Methods Inventory control is a critical function for businesses spanning every industry. Without effective inventory control methods, the supply chain suffers, you’re not [...]

Top 5 Inventory Management Techniques

Great inventory management techniques are critical as supply chain complexity grows. Here's a look at the top techniques to help your company succeed. Whether you're an SMB or a large enterprise, solid inventory management techniques are critical for success. Inventory management, a component of supply chain management (SCM), controls [...]

Welcome to the Next Decade: Metalworking in Industry 4.0

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 or Capacity?

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.

Forget About Reducing Inventory; Perhaps You Have the Wrong Supply Chain Strategy

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.

Manufacturing Expert, Lisa Anderson, Sees Impacts of Artificial Intelligence on Manufacturing Profit, Inventory Levels and Cash

CLAREMONT, Calif., Sept. 18, 2019 /PRNewswire/ -- Manufacturing and Supply Chain Expert,  Lisa Anderson, MBA, CSCP, CLTD, president of LMA Consulting Group Inc., predicts that artificial intelligence (AI) and human learning will impact most aspects of manufacturing resulting in improved profits, inventory levels and cash.  "Our manufacturing clients have really [...]

Thriving in a World of Rising Customer Expectations: Q&A with Lisa Anderson

According to a recent project44 report, 94% of business purchasers surveyed expect the same level of customer satisfaction from a business transaction as they do when making a personal purchase. These expectations revolve around “low-cost, fast and highly transparent delivery of goods.”

Manufacturing and Distribution Expert, Lisa Anderson, Confirms Inventory, Cost and Logistics Pressures in Supply Chain

Supply chain resiliency requires acute attention to inventory and cost pressures for manufacturers and distributors.

Why Inventory Will Matter Again

Inventory is circling back in importance and will become a hot topic again as customers expect immediate, customized deliveries with the expectation of easy returns and last-minute changes to orders in production, in the warehouse or in transit. What are you doing to get ahead of this ‘new normal’ assumption?
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