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In order to optimize, a supply chain planning and optimization solution is required that is configured to account for the specific environment — machine capabilities and alternatives per product, production sequence including sequence-dependent changeovers, specific site constraints, inventory limitations, replenishment options, and so on. And it must be able to respond to changes in real time. The wrong answers can mean longer lead times, excess inventory, loss of business and lower profit.
Keeping in mind that the aim of a business is to drive profit, executives have to ask where they can drive profit outside of their business’ primary function, and how they can improve their supply chain processes through optimization of the planning process.
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