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Futuristic Approach for Supply Chain Management

Eight years ago, it was a different scenario when the low-tech approach to supply chain management caused logistics player to miss out on crucial opportunities because of hazy forecasts and an inadequate ability to study the full spectrum of possible development. At that time thinking was limited to the managers of a few global companies struggling to coordinate internal information and materials

Time Changes, So Does Technology

Now, an organization can play out a random series of demand scenarios for an upcoming period of time to see what likely will happen if the change occurs in supply capacity. It is now possible to identify both opportunities and problems in such cases.

Today, Supply Chain Software incorporating attributes such as production facilities, individual lines, capacities, distribution facilities, suppliers, retailers, costs, demand volumes and frequency, sourcing and inventory policies, and transportation modes has put the logistics organizations in a state where they can forecasts and investigate hypothetical scenarios thoroughly.

Key Competency

Supply chain modeling is a key competency, changing market conditions that are not predictable always must be dealt with continuously re-engineering the supply chain. With this one can focus on both long-term breakthroughs and near-term enhancements to the corporate supply chain.

So get optimized for different scenarios, based on assumptions around demand, costs, lead times and availability. The value and potential of the forecasting tools, however, became evident. Heated discussions always revolve around information conflicts, but the modeling system survives.

Breakthrough Model with Daily Plan

As the field has broadened and shifted over time and as the term has been co-opted and redefined by various interests, many views of supply-chain management have emerged.  Daily Plan is among those views that can really help an organization in getting its Breakthrough Model that will fuel the growth margin.

Cross-Functional to Cross-Enterprise Integration

Cross-Enterprise Integration is what the companies have found to improve supply management. The focus from integrating within their companies to integrating across companies as a way to coordinate and improve as it is what time and customer demands.

Though, it takes a fair amount of time to understand the tools, but this is the only way that can be possible for a logistic player to progress with best knowledge to apply these tools in this tough competition era of the logistics industry.

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