Analytical software tools help to dynamically allocate resources and schedule work based on the sales forecast, actual orders and promised delivery of raw materials. Improving the allocation of “available to promise” inventory. By using analytic software, similar forecasting techniques can improve margins, even for hard goods. Airlines, hotels and others with perishable “products” typically adjust prices dynamically to meet demand. At the end of the season, these products are typically scrapped or sold at deep discounts. Seasonal products have a limited shelf life. Through data analysis, manufacturers may be able to anticipate the shortage before the buyer is disappointed. When a customer orders more product than the manufacturer can deliver, the buyer can complain of poor service. One way to further improve on this process is to analyze the data from supply chain partners to see where further improvements can be made.īy analyzing partner data, the CIO.com post identifies three scenarios where effective supply chain management increases value to the supply chain cycle: Retail shelves can then be restocked almost as quickly as product is sold. The industry standard has become a just-in-time supply chain where retail sales automatically signal replenishment orders to manufacturers. Effective supply chain management systems minimize cost, waste and time in the production cycle.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |