Five steps to manage supplier risk in your supply chain | Netstock
Improved supplier data will give your supply chain the competitive advantage to drive customer loyalty.
Improved supplier data will give your supply chain the competitive advantage to drive customer loyalty.
Since the pandemic, it has been a constant battle to ensure material availability, let alone to proactively manage cost and service. Even the most proactive and successful clients have experienced brief shortages of key materials and extended lead-times. The rest have been plagued with these issues.
In this webinar, industry expert Lisa Anderson along with NETSTOCK's Russ Graff discuss their top insights on how businesses can improve their processes and reduce supplier risk to ensure they deliver what their customers need.
"Manufacturers looking for any kinds of raw materials or ingredients are having to revise their schedules continuously, and it's a daily challenge," said Lisa Anderson, supply chain consultant and president of LMA Consulting. "There are issues from one end of the spectrum to the other."
Once a full list of suppliers has been created, the next step for managing in the pandemic is to prioritize the most important of those on the list. This exercise should be based not so much on the volume driven by a supplier, but rather how critical they are [...]
In 2015, we kicked off the LMA Advocate awards to recognize those people who have been instrumental to our growth and success. We started with 10 people to celebrate the 10 years since we started the business, and we now add one each year. Although I’ve learned plenty along the [...]
Manufacturing and Supply Chain Expert, Lisa Anderson, MBA, CSCP, CLTD, president of LMA Consulting Group Inc., tells companies to recognize workforce talents and take time to partner with the right suppliers. LMA Consulting Group works with manufacturers and distributors on strategy and end-to-end supply chain transformation to maximize the customer experience and [...]
Uncover the critical role of Proactive Supplier Relationship Management in today's competitive market. Strategies and tips from Lisa Anderson.
Do you view your suppliers as vendors or partners? And who are you hiring to manage these relationships?
I've seen many examples of companies and executives insisting on "negotiating" for a reduction in costs at the expense of all else.