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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., regularly works with manufacturers to strengthen their supply chains. “One thing we learned in 2022 is that there is no NORMAL with supply chains,”
Manufacturing has played a major role over time in advancing automation, computerization, digitization, and more. Our industries are amazingly different now than they were 15 years ago, much less 30.In December of 2022 the company OpenAI released an online product called ChatGPT. Unless you’re living under a rock, you’ve at
There are business buzzwords, and then there are important business concepts you cannot afford to ignore. Resilience is one of the latter.Resilience emanates from effective risk management. If you don’t have a viable and ongoing risk management process, start there.In risk management, the first steps are always to identify the
Strategy is one of those important business concepts that many cannot recognize, develop or implement, yet businesses that endure have mastered.“Growth” is not a strategy, nor is “increase profits.” Those are goals or objectives. Strategy describes the boundaries, priorities and activities within which those will be achieved.For example, a growth
The business model in manufacturing and distribution has long been own it, sell it, get paid for it. For most of those companies, it still is.But our world is changing. The concept of ownership has a very different place in our thinking, as does the concept of value. The potential