The rise of automation, shop floor analytics, and the Industrial Internet of Things (IIoT) have impacted the manufacturing industry and enhanced production with the introduction of timely data for more informed decision making. But what about major shifts like enhanced in-car connectivity, growing demand for electric vehicles, or adjusting to changing customer preferences? Are manufacturers equipped to effectively react to market changes in the short and long-term within their supply chain planning operations? It is challenging enough to operate day-to-day while accommodating customer needs – often with short release timelines – and still remain competitive. Without high-quality data to base decisions on, manufacturers often resort to relying on “gut-feelings,” bringing the inherent challenges that accompany human biases.
A modern planning solution can deliver those four capabilities, providing your organization with high-resolution visibility, increased productivity, less overhead, and lower overtime costs. By incorporating external data sources – such as IHS Markit’s Light Vehicle Forecast – into an integrated Market Forecast Management solution, you stand to gain a stronger delivery track record, higher customer satisfaction, and increased market share. Stay agile and competitive by completely managing the end-to-end supply chain from planning to execution in a single-source solution.
To learn more about Plex Advanced Supply Chain Planning and the Plex Market Forecast Manager solutions, contact us today.