A transformation is taking place. Political landscapes shift overnight, global trade is constantly changing, consumers demand increasingly personalized service and smaller day-to-day challenges hit without warning. If your job is supply chain management, how on earth do you plan for the unplannable?
At Kinaxis, we devote our time to the innovative technologies, processes and methods that help our customers and partners navigate the changing landscape of supply chain planning. Forecasting specific disruptions has become increasingly futile, but if you set your business up to deal with the process of disruption you'll be set up for success.
Today we’re releasing a new guide to help you in this process: Thinking Differently About Supply Chain Planning: The Case for Concurrency. The transformative concept at the heart of what we do at Kinaxis is concurrency: a model that takes into view the whole planning network and aligns data so that a change in one part of your chain triggers corresponding changes and communications in the rest of the chain, in real time.
You can create what-if scenarios, understand their impact on your whole network and assess your options before anything actually happens. This concept of concurrency when applied to supply chain planning is called concurrent planning. Market-leading companies, such as Ford, Unilever and Schneider Electric, across industries — including automotive, consumer goods, and high-tech and electronics — are already harnessing the power of concurrent planning to realize significant business results.
How do you implement it? What technology do you need? And what is the impact on your most important asset: people? We've sought perspectives on concurrency from supply chain operators, consultants, partners and analysts around the world and across numerous industries. Our inaugural guide includes:
- The definitive explanation of concurrent planning and its outcomes on supply chain management
- Statistics and insights on the most effective planning practices from Ventana Research
- An inside look at operations before and after concurrent planning from Lippert Components’ director of supply chain
- A customer-tested and proven process for streamlining the introduction and adoption of concurrent planning
- And perspectives from Crimson & Co, Barkawi Management Consultants and more
We hope this provides insights into the opportunities and benefits of concurrent planning. We look forward to sharing more in the weeks to come.