Short term vs the long term: Navigating Turbulent Times
As businesses struggle in this new era of VUCA (volatility, uncertainty, complexity, and ambiguity), the divide between short term and long term seems to increase.
As businesses struggle in this new era of VUCA (volatility, uncertainty, complexity, and ambiguity), the divide between short term and long term seems to increase.
LMA client, Armacell LLC, provides senior management, operations management, supply chain management (integrated business planning), and sales viewpoints on their experience in working with the LMA team and the results they achieved.
Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, known as the Strongest Link in Your Supply Chain® and President of LMA Consulting Group Inc., works with organizations to improve and protect supply chains by initiating cross-organizational alignment.
Manufacturers utilize less than 20% of the full functionality of their ERP systems. But the key question is, why does it matter? In today’s inflationary and supply chain disrupted business environment, manufacturers need to automate and digitize to ‘do more with less’ and thrive during these volatile times. One important way to achieve this goal is to further leverage your ERP system where it will make a difference.
Supply Chain Expert Series featuring Lisa Anderson - Founder and President, LMA Consulting Group, shares first-hand experiences and advice on how and why other women should consider a career in supply chain and logistics.
There is no doubt we are struggling with volatility in the supply chain. Inflation is the hot topic on one hand with rising prices, difficulty in finding people, wage inflation and much more.
Manufacturing has struggled to produce what customers want on-time without spending a fortune and tying up excess cash unnecessarily in the wrong, "just-in-case" inventory. It is a tough environment spiraling out of control with supply chain chaos.
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.
"SIOP" stands for Sales, Inventory, Operations Planning (SIOP). Depending on the industry or organization, you may also hear it referred to as “S&OP” or Sales and Operations Planning. Sometimes, it is even referred to as “IBP” or Integrated Business Planning. Typically, they mean the same thing. The most important words to emphasize are planning and alignment.
Lisa Anderson was recognized as a top consultant worldwide and ranked #16 on SAP’s list of Supply Chain Influencers.