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Home » Integrating Planning & Execution: Supply Chain's Holy Grail

Integrating Planning & Execution: Supply Chain's Holy Grail

February 6, 2013
SupplyChainBrain

"To integrate planning and execution, companies have to solve the 80-percent problem," which means gaining access to the 80 percent of data and information that lies outside the walls of any one party in the supply chain, says Mark Cosway, vice president of industry sales at GT Nexus. "When this doesn't happen, a lot of opportunities for positive bottom-line impacts are lost."

Many attempts have been made to achieve this Holy Grail, without much success, Cosway says. Cloud-based solutions, however, may finally provide an answer. "This problem requires a conical data model because you need to build a grid of partner systems, where you are fusing together financial flows, physical flows and information flows into a single technology environment," he says. The best way to do that is to leverage the cloud, because the cloud allows a single-page information model, Cosway explains.

"This is the LinkedIn and Facebook model, where you set up a network of friends and family who you invite to join your community. If you have status changes, you post those once in the cloud and everyone in the network gets them. In the supply chain, we have thousands of different objects that are constantly changing, so the paradigm shift is that, using a single-page information model, updates can be posted once in the cloud and everyone will be working off the same data object or information."

While the cloud is the enabler, connecting and building the community is crucial, Cosway says. "You can have the best technology stack in the world, but without community it is basically useless. If you have the Facebook software, but no community, what value would it be? It's the same thing in the supply chain. Building the community is the hard part."

GT Nexus has partnered with Kinaxis to provide a cloud-based platform for its network solution, which Cosway says solves the 80 percent problem. "Kinaxis is the planning brain and GT Nexus is the nervous system, with information that can sense and respond as the plan is executed. It is a powerful combination, where everybody is on the same page and you have the ability to sense/respond/act very quickly to disruptions or changes in the plan."

To view video in its entirety, click here


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Logistics Global Logistics LTL/Truckload Services Cloud & On-Demand Systems Forecasting & Demand Planning Inventory Planning/ Optimization Transportation Management Supply Chain Planning & Optimization Supply Chain Visibility Technology Business Strategy Alignment Global Supply Chain Management
KEYWORDS Business Strategy Alignment Cloud, SaaS & On-Demand Systems Forecasting & Demand Planning Global Logistics Global Supply Chain Management inventory control Inventory Management inventory management IT inventory management systems Inventory Planning/ Optimization IT supply chain IT supply chain management Logistics logistics & supply chain logistics IT solutions logistics management LTL/Truckload Services SC Planning & Optimization supply chain Supply Chain Management supply chain management IT supply chain management SCM Supply Chain Planning supply chain solutions supply chain systems Supply Chain Visibility supply management Technology Transportation Management
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