According to McKinsey & Co., one of the top priorities of CEOs in the new norm is sustainability. It should not be any surprise to supply chain leaders that the top two priorities in supply chain are resiliency and sustainability.
Traditional single variable forecasting algorithms look just for basic trends not causes. They utilize patterns like seasonality or trend patterns to provide more accurate forecasts. These algorithms can be very good at picking up patterns and doing predictions for steady runners.
In a recent McKinsey report it was stated “After the implementation of a new planning and scheduling system, planners at one pharma manufacturer started receiving more than 200 exception messages every day.” This phenomenon is a consequence of a system which is not smart.
With very few exceptions, existing S&OP solutions rely on a centralized application in order to provide visibility and plan operations of the supply chain. There are a couple of major flaws with this approach: they are too big and slow to handle data granularity and frequency.
As we all know, light travels fast but at a finite speed. As a result, what we see or hear happened in the past. In most cases we call it real-time because our senses do not detect the latency. Our senses and analytical skills are very slow compared to what technology can offer.
Every plan, at high level or execution level, needs to be accurate enough to project true financial implications. Whether you are doing network design, inventory optimization, S&OP or even S&OE, Adexa solutions enable financial projections at greatest level of accuracy.
So called concurrent computing has been used in the context of supply chain planning applications recently. It implies that somehow the system concurrently plans everything including sales, operations, capacities, suppliers etc. all at the same time.
Building a digital twin of your supply chain simply means building a digital model of your supply chain. S&OP solutions do that by making approximations of what the physical supply chain looks like. It gives the appearance of a twin but a fraternal one at best.
For immediate release Marketing Manager Contact: Ron Wilson | (310) 642-2122 | firstname.lastname@example.org Los Angeles, California – August, 2021 The company, a global leader in medical devices and consistently a member of Fortune 100 club with over 40 sites worldwide selected Adexa for their S&OE solutions.
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