skip to Main Content
Announcement

Exciting Announcement

Rockwell Automation has acquired Plex Systems
See Announcement

Supply chain planning includes your strategic business objectives, demand, supply, capacity, and of course, your constraints. There are a lot of moving parts to planning, especially when demand can shift more quickly than ever before. That’s why it’s critical to ensure all key stakeholders have relevant, up-to-date information.

The problem is many of the supply chain planning methods and tools are disconnected. There is no easy way to get past basic transactions to the data stored in spreadsheets or disparate systems so people can make up-to-the-moment decisions when plans, demand, or supply availability changes.

Top performing companies know that data is key to achieving agility needed to thrive in today’s ever-changing markets. Not only that, but the ability to access data and visualize it during the supply chain planning process, communicating the plan, and executing on the plan—even when it changes—is imperative. These companies have shown that conducting supply chain management in the cloud meets all the challenges they’re facing, and also gives them a competitive advantage.

Looking at recent numbers from the American Productivity and Quality Center (APQC), there are three advantages top performing companies gain from having the highest level of data maturity, and these include:

1. Data Maturity Drives Performance

With a high level of data maturity in supply chain planning, top performing companies turn inventory faster and maintain a leaner inventory in the supply chain for greater profitability. Top performers see only 30 days in the cash-to-cash cycle whereas those who aren’t as mature with data are at 80 days.

2. On-Demand Data Visualization Delivers Agility

Planning with desired customer service levels and executing with real-time inventory insight helps top performers respond quickly to shifts in demand. This gives these companies more agility with average perfect order performance at 90 percent but those companies who don’t are only at 77.9 percent.

3. Real-Time Integration Streamlines Operations

Cloud-based supply chain management means less time spent on making systems connect to each other. Real-time integration enables top-performing companies to access data when it’s needed. This drives down the cost of operations. Top performing companies' supply chain management costs per $1K revenue are $26.31 and bottom performing companies’ costs are $107.09.

Supply chain planning in the cloud can help your company become a top performer too. Download the infographic for more insights on how a cloud-based supply chain planning SCP solution keeps your organization competitive. Sources: APQC. Key Supply Chain Planning Benchmarks at a Glance. 2017. APQC. Supply Chain Planning Tune-up Diagnostic. 2017. APQC. Supply Chain Planning Webinar. 2017.  

 

Take control of your toughest supply chain planning challenges

Back To Top