Operations
Creating accurate product forecasts in today’s variable market conditions is a Herculean task for any operations manager. To this market variability add changing sales opportunities, product SKU proliferation and product configurability, and forecasting becomes exponentially more imprecise.
In today’s environment, operations and supply chain executives require a flexible and easy to use forecasting solution that will enable them to:
- Build an accurate operations product forecast
- Collaborate internally and with supply chain partners
- Systematically incorporate sales opportunities into the detail product-level forecast
- Accurately plan for changing product mix and complex product configurations
- Drive cross-functional teams to achieve agreement on a single “constrained” forecast plan – an enterprise plan of record – to which all teams can execute
- Monitor performance against forecasts and key performance indicators (KPIs) on a real-time basis
Steelwedge offers four planning modules, Consensus Demand Forecasting and Planning, Sales Opportunity Planning, Product Configuration Planning, and Sales & Operations Planning that provide these required planning capabilities.
With Steelwedge’s operations planning solutions, operations and supply chain executives can:
- Increase revenues
- Increase order fill rates; reduce lost sales days
- Increase on-time delivery; improve customer service
- Reduce costs
- Decrease logistics, procurement and manufacturing costs
- Decrease excess and obsolete inventory write offs
- Decrease inventory carrying costs
- Improve product margins
- Optimize product mix decisions
- Improve product configuration management
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