When evaluating supply chain planning software capabilities, it’s instructive to understand what we mean by supply chain planning. We’re not referring to production and scheduling using MRP or ERP systems but rather to high-level supply chain planning software that facilitates long-term, tactical, and operational planning processes.
According to Supply Chain Digital Magazine, many manufacturers are falling behind with more than two-thirds of them being unable to provide data-driven analytical information to support their business decisions.
A lot has changed. Simulation and modeling software allow organizations to create realistic and verifiable supply chain digital twins of their supply chains. Data mining techniques along with inputs from Internet of Things (IoT) sensors allow them to feed real-time data into models. They can monitor and determine what’s happening
