Sourcing is an ongoing process featuring interdependent steps that work together to enhance performance and results. You develop a set of pricing, delivery and payment processes with suppliers and create metrics for monitoring and improving the relationships. Successful procurement of raw materials bought inexpensively in just the right amount is essential to your demand-driven supply network running smoothly.
An article from AMR Research What is Demand Sensing?
noted that more than 70% of forecasting processes have been designed to determine what plants need to make and when. However, this type of forecast fails to predict what will be sold in the channel and when. Better demand planning essential to effective sourcing requires not just access to order and shipment streams, but a fine-grain view of sales data. The WAM Solution provides you the ability to constantly re-evaluate and improve purchasing activities so your organization can adapt to changing market forces.
The WAM Solution supports cost-effective sourcing plans and schedules with its powerful and flexible forecasting and advanced planning tools. With it, you develop the long-term, stable plans essential to taking advantage of strategic purchasing opportunities. The WAM Solution provides an all-in-one look at inventory projections, order status, planned production and material movements across all of the products in your business. This visibility allows you to identify and quantify the trade-offs implicit in each option available and determine optimal policies for product frequency, cycle length and production campaign length, as well as target levels for cycle and safety-stock inventories.
Product demand is in a constant state of flux, and traditional planning and forecasting techniques that rely solely on past trending to predict the future are not always adequate. The financial results of superior responsiveness to the market can be dramatic. Planning to be nimble enables you to take advantage of market opportunities and lead competitively
As a supply chain professional, you must focus your energies on achieving best-practice goals. How do you initiate an enterprise-wide effort to improve customer service, inventory, scheduling? By proactively engaging in successful strategic and tactical planning. The WAM Supply Chain Solution helps you make smarter decisions based on profitability, attain global supply chain visibility, support for collaboration and assists in determining the right safety stocks to meet customer service levels. To make the critical decisions that you must make on a daily basis, you must have accurate, timely data and planning technology that understands how your company operates. Let us show you how WAM's supply chain planning solution can provide you and your team with the right data and the right time and place.|