LMA Consulting’s Lisa Anderson suggests prioritizing to optimize the supply chain
Manufacturers must make tough choices to keep products moving and customers happy
Posted: Tuesday, February 1, 2022 – 11:58 AM
(LMA Consulting: Claremont, CA) — Manufacturing and supply chain expert Lisa Anderson, president of LMA Consulting Group, has advised manufacturers and distributors throughout the pandemic on maximizing and leveraging of their supply chains. She suggests that prioritization is key to optimizing the supply chain. LMA Consulting Group works with manufacturers and distributors on end-to-end supply chain strategy and transformation to maximize customer experience and enable profitable, scalable and dramatic business growth.
“One thing is certain, the shortages aren’t going away anytime soon,” Anderson says. “From vendor suppliers to transportation issues, the supply chain is taxed like never before. Manufacturers have to make tough choices to keep products moving and customers happy. While their expectations may be tempered, customers have a choice and they won’t last long if they can’t get what they want when they want it.
“It’s critical that manufacturers look carefully at their data,” she adds. “They need to understand supplier performance and their lead times. They need to understand internal capacity, costs, and throughput. And they have to evaluate their customers and their products, rank them in order of importance, like volume and profitability. The more data they can assess, the better they will have an idea of how best to manage their supply chain. »
Manufacturers and distributors are exploring all options to manage their supply chains, such as adding suppliers and adjusting products. “Adding suppliers to cushion shortages might not seem like a big deal, but it is,” Anderson says. “Checking them, assessing quality and trying to anticipate demand takes time. However, sometimes it is not easy to find the right suppliers. The “firing” of clients may be an option for the purpose of fulfilling other obligations to clients. Sometimes high maintenance customers are not high profit or strategic customers. For the sake of the supply chain, manufacturers need to find other sources. There are no easy answers and all options carry risk. But for the good of the business, the supply chain must maintain a level of integrity, otherwise the business can fail.
About LMA Consulting Group—Lisa Anderson
Lisa Anderson is the Founder and President of LMA Consulting Group, specializing in manufacturing strategy and end-to-end supply chain transformation. It focuses on maximizing the customer experience and enabling profitable, scalable, and dramatic business growth. Anderson is a recognized thought leader in the supply chain space by SelectHub, named one of the top 40 B2B technology influencers by the arketi group, one of the top 50 ERP influencers by Washington-Frank, one of the most influential in the field of supply chain by SAP and a female leader in the field of supply. string by RateLinx.
She was recently interviewed on Fox News, and in early 2021 released a special report, “Emerging Above and Beyond: 21 Insights from Manufacturing, Supply Chain, and Technology Executives”; e-book, Future-proof manufacturing and post-Covid-19 supply chain; and its primer, I was thinking: Strategies to create bold customer promises and profits.
A contributor on topics such as a superior customer experience with SIOP, advancing innovation and making the supply chain resilient, Anderson is regularly interviewed and quoted by publications such as Industry Week, Bloomberg, and The Wall Street Journal. For more information, to sign up for his Profit Through People newsletter, or to get a copy of his book, visit LMA-ConsultingGroup.com.