I find it interesting that most companies choose their supply chain planning vendor based on how nice it looks but pay very little attention as to how good the quality of plans are. Not all planning systems are created equal.
Supply Chain Performance Management
Why, because S&OE has a more accurate model of the world & can figure out all the alternatives and make a quick and optimal decision that can be followed.
The traditional concepts of sole focus on inventory levels, lower cost of operations and shorter lead times are not necessarily the top design choices. Supply chain resiliency is.
Resiliency of your supply chain implies the ability to withstand unanticipated events, big or small. Your resiliency depends on many factors.
At the start of the pandemic the demand (new patients) for PPEs went up dramatically. There were limited amount of supplies and surge in demand for N95 masks, ventilators, hospital beds etc.
We are at a point to deploy planning systems that are accurate and intelligent enough to more or less run the supply chain autonomously.