Outgrowing it’s ERP software, a global manufacturer of power products set about removing roadblocks that were hindering essential business changes. With the assistance of a dedicated materials requirements planning (MRP) functionality, the company was able to reduce stock-outs, improve order turn time and enhance customer experience.
With the coronavirus pandemic and its lingering effects, companies have now experienced how challenging it can be to plan and maneuver their supply chains around uniquely disruptive, once-in-a-lifetime events. But the unfortunate truth is that less severe events overwhelm or undermine supply planning all the time. Legacy tools are no longer up to the task of getting supply where it is needed most.
During the early months of the coronavirus pandemic, business forecasting models weren’t able to adapt to sudden shifts in demand and supply. Now, more companies are investing in supply-chain forecasting technology to improve visibility, transparency and resiliency.
The latest news, analysis, trends and solutions regarding forecasting and demand planning and its impact on supply chain management. New technologies in predictive analytics and forecasting and demand planning are transforming the way companies are operating and performing ahead of competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are using forecasting and demand planning solutions for supply chain optimization.
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