Challenges for Manufacturers On the Horizon: the Paradox of Reducing Shortages vs Inventory

According to the recent State of Supply Chain 2022 report, nearly 75% of manufacturers feel pressured to digitally transform their supply chain operations. But why are there so many internal roadblocks to adopting new technologies, work processes, and business solutions?

In our latest State of Supply Chain 2022 webinar, hosted in tandem with The Association for Manufacturing Excellence (AME), industry leaders from LeanDNA, AME, and Deloitte participated in a roundtable discussion to answer this question and more. Below we’ll address different perspectives on why the implementation of new tech and new ideas, which manufacturers need to stay successful in today’s market, is easier said than done. 

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What’s Holding Manufacturers Back? It All Comes Down to Trust

According to the recent State of Supply Chain 2022 report, nearly 75% of manufacturers feel pressured to digitally transform their supply chain operations. But why are there so many internal roadblocks to adopting new technologies, work processes, and business solutions?

In our latest State of Supply Chain 2022 webinar, hosted in tandem with The Association for Manufacturing Excellence (AME), industry leaders from LeanDNA, AME, and Deloitte participated in a roundtable discussion to answer this question and more. Below we’ll address different perspectives on why the implementation of new tech and new ideas, which manufacturers need to stay successful in today’s market, is easier said than done. 

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The New Shortage Economy Explained

Shortages are dominating the headlines. The COVID-19 pandemic brought monumental challenges to the supply chain, culminating in what experts deemed “the perfect storm.” The added pressures of the pandemic overwhelmed manufacturers already struggling with changing market trends and outdated technology. At the beginning of the pandemic, demand was volatile and the shelves were bare. Now consumers around the world are getting used to this new shortage economy. 

But how did we get here? This topic and more were addressed by leading industry experts in “The State of Supply Chain 2022 Webinar” hosted by LeanDNA and The Association for Manufacturing Excellence (AME) in response to the recently published “The State of Supply Chain 2022” report. Below we’ll address the factors that led us to our new shortage economy.

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Embracing Disruption: The 2022 AME International Conference in Dallas

After going virtual the past two years, The Association for Manufacturing Excellence’s (AME) 38th annual international conference will finally be back in person this year in Dallas. In mid-October, this event will bring together lean practitioners from nearly every role and every industry across the globe. This is one of the biggest conference events in the country for manufacturing and operational excellence, showcasing a variety of local tours, keynote speakers, interactive presentations, networking opportunities, and more.

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The State of Supply Chain 2022 Webinar Recap

This week LeanDNA and The Association for Manufacturing Excellence (AME) hosted a webinar on the current state of the supply chain and the New Shortage Economy. Our very own Richard Lebovitz and Kamalina Srikant joined AME’s Robert Martichenko and Deloitte Consulting’s Louis Librandi to expand upon results from the recently published “State of Supply Chain in the New Shortage Economy” report and discuss the current pain points, opportunities, and approaches in manufacturing and supply chain. 

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2022 State of Supply Chain Webinar: Meet Our Panel of Industry Experts

In 2022, manufacturers are still reeling from the ongoing effects of COVID-19, unprecedented global supply chain disruptions, and overburdened planning and procurement teams. Manufacturers trying to deliver on-time and grow their revenue have to navigate increasingly complex supply chain challenges, highly customized orders, intricate sub-assemblies from a more global supplier base, and more. 

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Hot Off the Press: The State of Supply Chain 2022 Report

COVID-19 has had a lasting impact on virtually every industry, and manufacturing is no exception. The pandemic has amplified supply chain challenges that are increasingly complex, from highly customized orders, intricate sub-assemblies and parts sourced from more global suppliers, and overburdened planning and procurement teams.

In this “new shortage economy,” it’s increasingly evident that manufacturing’s existing processes are in need of an upgrade. Additional insight and visibility into the supply chain is necessary for manufacturers to avoid shortages, optimize inventory, and save money.

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The Association for Manufacturing Excellence and LeanDNA Release Data on New Shortage Economy

New global research underscores importance of manufacturing visibility in unprecedented supply chain environment

AUSTIN, Texas – February 15, 2022 – PR Newswire LeanDNA, the leader in effective supply chain orchestration, and the Association for Manufacturing Excellence (AME), the premier organization for the exchange of knowledge in enterprise excellence, today released “State of Supply Chain in the New Shortage Economy,” a report examining the biggest pain points and opportunities for manufacturers. Results from the survey of manufacturing professionals highlighted the need to digitally transform inventory data to better prioritize supply chain actions and collaborate across businesses.

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LeanDNA Announces Record Growth as Manufacturers Address Supply Chain Challenges

AUSTIN, Texas – February 8, 2022 – PR Newswire LeanDNA, the leading provider of factory-focused inventory optimization solutions, today shared 2021 results and key accomplishments. As pandemic disruptions continued to affect global supply chains, the LeanDNA platform was a critical tool in driving economic recovery for manufacturers in the aerospace, industrial goods, automotive, semiconductor, construction equipment, and medical device industries. The platform helps supply chain operations teams prioritize the most important actions, empowering them to respond quickly to shortages while balancing inventory and delivering product.

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