Supply Chain Planning with Prescriptive Analytics
Technology Enables a More Effective Process
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Port of Baltimore May Not Reopen Until Summer Sales & Operations Planning (S&OP) Mastery A New Priority Greets Procurement Professionals in 2024 Cargo Shipping Remains on Hold in Baltimore Following Bridge Collapse Maximizing the Bottom Line: The Power of Procurement More NewsTired of spreadsheets? Still making gut-feel decisions on how to meet demand? Struggling to create accurate plans?
If so, this research perspective is for you. It explains that by leveraging advanced analytics, supply chains are tackling all of those problems…and more. Prescriptive analytics enable supply chains to rapidly test a wide range of scenarios — while considering both financial and operational objectives and constraints — and easily collaborate around those scenarios to produce optimal plans.
Prescriptive analytics are able to transform an inefficient, complex, silo’d process into a process that drives agile, collaborative, optimized decision-making.
Supply chains are seeing benefits like:
- Full visibility into understanding complex trade-off decisions
- A decrease in time to plan from weeks or months to just hours or days
- Highly accurate, trustworthy supply and demand plans
- Tighter collaboration across organizational functions
- A drastic decrease COGS across the value chain
Companies across all levels of planning maturity are taking advantage of this technology today. Download the research perspective and discover a better way to plan.
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Article Topics
Analytics · Riverlogic · Supply Chain · Technology ·It’s high time to go beyond visibility Driving supply chain flexibility in an uncertain and volatile world View More From this Issue