LMA Consulting Group is celebrating 21 years of helping manufacturers and distributors strengthen supply chains, improve profitability and prepare for what is next. In this Supply Chain Byte, Lisa Anderson reflects on how supply chains have evolved – the move from spreadsheets to connected technologies, the Amazon Effect becoming an everyday customer expectation and the growing importance of predictability and planning in a world of uncertainty and global risk. She explains why processes like SIOP are critical to better decision-making, profitability and long-term success.

As ERP systems and advanced technologies like artificial intelligence gain momentum, companies are focused on better leveraging tools and technologies to assess status and make decisions. Since the new standard is rapid response (same day or next day) with 24/7 service no matter the geopolitical disruption, executives are focused on providing tools for quick yet effective decision-making to their teams so they can compete effectively in the marketplace. In addition, the best companies are taking it a step further with predictive processes to get ahead of changing conditions and mitigate disruptions while supporting profitable growth and optimizing cost, service, and inventory (cash flow). 

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What is SIOP?