Even in this digital age, the supply chains across industries are fragmented & disconnected creating many challenges.
Major challenges faced in the supply chain includes:
- Production Delay
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Raw/packing material shortage
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Breakdowns
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Logistics delays
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Market volatility
These vulnerabilities in a highly inter-connected ecosystem of manufacturers, logistics providers, suppliers and vendors keep evolving across organizations, geographies and industries.
There exists a constant need for innovation for an efficient, sustainable, cost-effective and holistic solution, with the help of technology and process transformation!
Sales and operations planning (S&OP)
Improving coordination and communication between cross functionals departments on manufacturing, new product launches, critical material shortages, promotions and other activities & challenges are crucial to provide relevant information for demand and supply planning. This will ensure the delivering customer orders in full and on time. We recognize that operations planning is more complex, capturing market dynamics and being more responsive to the demand. To achieve desired results, a change management and harmonized process is essential to have a more transparent supply chain planning.
Distribution Resource Planning (DRP)
DRP effectively converts sales forecast and market demand into supply that is required at every node of the entire distribution network considering all the inventory in pipeline. This enables to identify effective demand and thereby right utilization of resources at the manufacturing and storing facilities.
Demand Planning
Due to ever-changing consumer demand, supplying the requested amount of goods and ensuring high quality has been a challenge across organizations. Multiple forecasting models are used to predict the sales considering various scenarios like competition, product variability, seasonality, customer preferences and market dynamics. A well forecasted demand, using statistical and advanced analytical models could ensure the right utilization of resources and avoid unproductive activities, along the network.
Production planning
The goal of supply planning process is to ensure forecasted demands are met in the best possible way considering material availability and capacity constraints. Achieving the optimum level of supplies taking into account lead times, batch sizes, resource availabilities, etc., is a challenge that many manufacturers undergo. Adopting best practices like inventory visibility, flexible manufacturing, outsourcing with third-party manufacturers and suppliers have helped manage demand volatilities to an extent. Supply and production planning process redesign and establishing technology enabled planning provides a mechanism to achieve better fulfilment of customer orders,
Supply Chain Analytics
Design and build analytics solutions and platforms to monitor, plan, track and control supply chain KPIs is critical for any organization. Right data at right time with the right person could help organization save time and efforts. Democratizing data across concerned stakeholders ensures there is visibility and access to right data, aiding managers to make more informed and data-driven decisions.
