Strategies for Gaining Packaging Efficiencies in Your Supply Chain
Since packaging is typically 10-40% of the retail price of products, there is no doubt it adds up to a relevant factor in product cost and waste.
Since packaging is typically 10-40% of the retail price of products, there is no doubt it adds up to a relevant factor in product cost and waste.
The supply chain has calmed down since the height of the pandemic; however, smart manufacturers are thinking ahead to changing conditions. Geopolitical risks are at an all-time high.
Clients typically set goals; however, goals without an understanding of where you stand is non-value added. Although it is common to set goals and expect employees to achieve them, it is far less common for clients to understand how they will get from the current state to the desired future state.
Enterprise resource planning systems, CRMs and other tech such as RFID, barcoding, customer and supplier portals, blockchain, IoT, and GPS tracking all support this goal.
In the last month, we've participated in at least six economic forecast presentations or discussions with experts (economic, banking, investment, manufacturing). Although they each had nuances, common themes emerged. Adding our expertise into the mix, we see volatility on the horizon.
Talent is such a critical topic that we will keep our eyes and ears out for unique strategies and fresh ideas for success.
According to Polaris Market Research, the market size of artificial intelligence (AI) in manufacturing is predicted to grow more than 41% during the next decade. Although the latest Sikich Industry Pulse found that less than 20% manufacturers have started to implement AI [...]
99% of the companies that bring us on board for consulting projects can accelerate bottom line business results by better utilizing their ERP system.
Although production and materials planning can be overlooked in its importance in most companies if going smoothly, it is cornerstone to success.
There’s no such thing as normal, even though supply chains have COVID-19 in the rearview mirror. While suppliers may be more consistent, customer expectations have changed. Listen to this on-demand webinar, presented by Lisa Anderson, founder and president of LMA Consulting Group - to learn the latest about supply chains as we head into 2024.