A reliance on out-dated tools causes many mid-sized companies to struggle, because Excel spreadsheets and aging legacy systems simply cannot match the speed and breadth of today’s supply chain complexities. Additionally, they cannot accurately forecast future trends and needs. This forces companies to rely solely on the speed and experience of their people. There is no denying the value of an experienced in-house team, but at some point the team becomes overburdened with tactical, routine issues, leaving no time for strategic business planning. That is where the right technology can help.
Today’s supply chain planning solutions can identify improvement opportunities and help drive down costs. These solutions gather and analyze huge volumes of information from across the supply chain in real time, enabling companies to quickly identify potential opportunities and automatically adjust their supply chain plans to deliver high service levels and uninterrupted cash flow. Additionally, the forward-looking capabilities of these tools can help companies mitigate business risks by avoiding customer service failures, out-of-control inventory building and operational breakdowns.
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