Companies are faced with the challenge of managing complex supply chains and projects, yet they try to handle this challenge in systems that run independently of one another. As a result, most decisions are made without an idea of their true implications.
These events, and the subsequent decisions, can have cascading negative impacts across the organization in the form of:
- Missed billing/revenue milestones
- Cost overruns
- Excess inventory
- Idle or overburdened resources, to name a few.
With a high degree of material and resource volatility, it has become essential to establish an integrated project management system for supply chain operations.
This means you need an accurate, single view of: