Category: Supply Chain Management

Lisa Anderson Releases Book to Spur Business Innovation

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Lisa Anderson MBA, CSCP, CLTD, known as the Manufacturing Business Transformer(SM) and president of LMA Consulting Group, released her book, I’ve Been Thinking…Turning Everyday Interactions into Profitable Opportunities, as a roadmap for businesses, manufacturers and distributors to infuse innovation into their daily work practices. The book is packed with over 100 of Anderson’s insights and strategies on how to create bold customer promises and profits by transforming business performance while keeping an eye on the global perspective and seeing what others cannot in order to create dramatic customer experiences and profitable opportunities. Anderson relies on her global consulting practice where she draws on her…
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VMI – Do You Need Software?

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Vendor Managed Inventory (VMI) – do you need software? Of course, the answer is “It depends.” A few items to think about to determine if you need software to support a VMI initiative: Are you interested in doing VMI with your suppliers, customers or both?For suppliers, the focus is on the transfer of data. For customers, you’ll need to create orders and transfer data at a minimum. How many suppliers and/or customers and customer locations do you plan to pursue with VMI? If there are few, manual will work just fine. We have achieved vast success with aerospace clients using…
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Recognition & 2017’s LMA Advocate Award Winner

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On the 10 year anniversary of my business, I recognized 10 people for 10 years as LMA Advocates – people who have gone over and beyond, resulting in LMA Consulting’s growth and success. I truly appreciate their support, expertise, ideas and feedback. I would not be here today without them – and certainly not leading a growing and leading edge consulting practice that partners with manufacturers and supply chain organizations to create BOLD customer promises and profits. Who doesn’t want to find the win-win-win of customer growth/loyalty, profits and accelerated cash flow?! Ever since my 10-year bash, I’ve recognized one person each…
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World Logistics Center & the Sheer Relevance of Logistics

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There is no doubt logistics is relevant in the U.S. and the Inland Empire. During a presentation by the visionary behind the World Logistics Center in the Inland Empire, I heard several amazing statistics. One that stands out in my mind is the fact that the GDP of the 11 Western States would be the 3rd largest economy in the world behind the U.S. and China, largely due to the impact of international trade. Going hand-in-hand with the sheer relevance of logistics is the fact that we’d be hard pressed to find any product solely made in any specific country. For example,…
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VMI – Supply Chain Collaboration on Steroids

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Supply chain collaboration is in vogue. Customers have figured out that if suppliers have access to more information on what they need and what is important to them that they’ll typically do a better job of meeting those needs. Suppliers have figured out that the more they understand customers, the more likely they’ll be able to delight them while minimizing spending. And this type of thinking carries over to your suppliers’ suppliers and customers’ customers and all supply chain parties in-between such as transportation and logistics partners, trusted advisers and more. So, what are some of the ways supply chain…
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How to Get Out of an Escape Room & What It Has to Do With Work

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My ProVisors group had two competing teams working to get out of an escape room (my team is pictured below). Thanks to James Valmonte for such a great idea and coordination! It was an exciting experience to work through the clues and figure our way out of the room. Although I was a Nancy Drew fan when young (and even wrote a Nancy Drew-like novel with my childhood friend Vonda Zwick that won an award), I wouldn’t say this was an easy process in the slightest. It took the full team to have any hope of figuring it out. It certainly brought quite a few skills…
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Robots & Demographics

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According to Industry Week and Moody’s Investor Service, there could be a significant upside to robots with the near-term demographic time bomb in Japan and Germany. Certainly, work will need to continue to get done; however, as more and more workers retire, that could become a challenge. Thus, robots might have another advantage in addition to automation – as the percentage of workers over 65 is expected to soar in both Japan and Germany, robots might substitute for labor. Also, both countries are early robot adopters. Time is ripe for robots. What Should We Consider and/or What Impacts Could Arise?…
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VMI – What are the Benefits?

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Vendor managed inventory can have many benefits – both from a strategic perspective and a tactical one. We are seeing that it is gaining in popularity as manufacturers and distributors and retail locations see the value of collaborating with supply chain partners to drive dramatic benefit across the supply chain. Several of the top benefits include the following: 1. Increased revenue – By partnering with customers on VMI and customer collaboration programs, you become a trusted and value-added partner. As new business opportunities arise, we’ve found that those who offer VMI typically have an advantage. First, the customer knows they will have…
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Top Importers & Exporters… E-Commerce Impacts

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According to the Journal of Commerce, the top importers were impacted by e-commerce and that trend is expected to continue. Imports grew by 8% last year (2.2 million TEU) whereas exports grew by 3% (just under a million TEU). The rankings are showing signs of a shakeup with the surge in e-commerce and Amazon. In 2016, Walmart rated #1, Target #2 and then Home Depot and Lowe’s as #3 and 4. For example, the retail industry woes are highlighted by Sears and Walmart. Sears sales slid by almost 10% whereas Macy’s slid almost 4% and Payless filed for Chapter 11 protection…
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The Million Dollar Project Manager

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In our experience working with manufacturers and distributors from small, family-owned businesses to medium-sized, private equity backed companies to global large, complex organizations, projects account for 80% of the improvement. There are projects to improve efficiencies, reduce inventory, grow sales, expand into new regions, consolidate operations and the list goes on. Thus, if we must rely on projects for business growth and profitability, should we think about our project managers as million-dollar project managers? Most likely the answer is yes. However, in our experience, project managers are not often treated with much respect. Oftentimes, they are seen as lower level…
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