The purpose of supply chain visibility is to provide transparency to accurate, timely, and complete events and data, for example, about product orders and physical shipments within and across organizations and services operating supply chains.
Information in organizations is often abundant and connectivity of digital devices is more feasible than ever, yet most executives rank visibility – and the collaboration required to get information and make decisions with it – as their greatest management challenge. Although more information is available, proportionally less is being effectively captured, managed, analyzed and made available to people who need it the most.
Siloed Data and Business Functions
Information is the lifeblood of the modern enterprise. Data silos and departments that either can’t or won’t share information cut off the circulation. Legacy enterprise resource planning (ERP) and material requirements planning (MRP) systems often compound this problem by forcing firms into monthly runs, disconnected data silos, costly order batching, and increased risk of unexpected events such as missed delivery deadlines.
Distorted demand from one end of a supply chain to the other leads to tremendous inefficiencies: excessive inventory investment, poor customer service, lost revenues, misguided capacity plans, ineffective transportation, and missed production schedules.
Supply Chain Visibility
A company’s supply chain can make or break the business. Supply chain visibility gives powerful support for any planning horizon and allows to significantly increase speed to market, reduce capital expenditures and better manage risk. It provides the ability to predict demand disruptions, catch order exceptions earlier and deal with them quickly.
Increase in Operating Margin
On time delivery
Concurrent Planner Solution
The Concurrent Planner increases product availability, minimizes inventory, and improves on time delivery. It is a lightweight, yet comprehensive solution connected to the company’s information systems. The Concurrent Planner provides users a modern web-based solution.
The Concurrent Planner maintains consistency between sales plan and production plan at all time and plans production in real-time – even for the whole business year – taking into account the various constraints concurrently.
Synchronizing demand and supply
A company can run into trouble if it sells far more than it produces, or if it produces far more than it sells. The goal of supply chain visibility is to keep everything in balance. Most companies see achieving this balance a strategic priority within their organization. For this, the planning process needs to be tightly coupled with execution, creating a closed loop between planning and execution and synchronizing of end-to-end activities from raw material to the delivery to the end customer. Whereas traditional solutions periodically re-calculate all plans in long batch planning cycles, the Concurrent Planner optimizes planning decisions concurrently considering constraints in parallel.
The Concurrent Planner enables a company to balance their business requirements including new projects and opportunities with the capability of their supply chain. It combines quantitative and qualitative data at each stage of this process to provide visibility of the complete operation in the medium to long term and facilitates analysis and improvement of current and projected performance.
This results in a more effective way to manage deviations between plan and execution, and provides the ability to analyze the impact, determine the best solution, and then execute a coordinated response across the business. Alternatively, and if required, the Concurrent Planner can enable users to escalate the issue to the right parties to collaborate on the best solution. The result is a more responsive and cost-effective supply chain.
In order to achieve immediate and strategic goals, stakeholders must act in concert. Successful organizations strive for virtual integration through an on-demand supply chain to compete in the market place.
Cross-functional collaboration of stakeholders is vital to aligning a company’s various functions increasing accountability and productivity while balancing supply and demand. It is a key ingredient in the supply chain for understanding what customers want and what they are looking for. An extended planning horizon of 18 to 24 months in combination with aligned stakeholders enables the company to better tailor its capacity to market demand.
Breaking down data silos
Data silos are isolated islands of data in the company. They often make it prohibitively costly to unlock their true value. One of the biggest obstacles to advanced supply chain management is plain old access to data. Legacy systems are a major contributor to stale data because they often do not transmit data in real-time. Only focusing on mastering the legacy systems challenge is not enough. Companies are falling behind if they are not looking at the next level of insights for digitizing the business. Critical, yet tacit business knowledge from key employees needs to be made explicit to make corporate systems more “intelligent”.
Concurrent Planner brings together demand and supply data from multiple sources. The Concurrent Planner gives you the support you need to bridge the gap between sales and operations and achieve your business goals. It draws on data from every aspect of your business to give you the insights you need for optimal decision-making. Concurrent planner makes it easy to harmonize data through simple configuration instead of writing code. Thanks to its one-to-many configuration it can harmonize the data it collects before pushing it to different sources. This mitigates the inconsistencies that cause companies to silo information in the first place. Such a configurable and agile layer on top of your supply chain allows you to grow, adapt, and change as required without massive disruption or lengthy software implementations.