Suppliers are fighting blindly without forecast data. On the other hand, having a solid forecast allow suppliers to prepare and plan ahead.
For instance, this could be small decisions, such as allocating capacity or scheduling maintenance. However, it could also big strategic decisions, such as making plant and equipment investments.
From time to time suppliers invest in plant and equipment or modify manufacturing strategy. Here, demand forecasts are prime input into building realistic investement business cases.
Suppliers need time to ramp up capacities. Because, hiring and training operators, adding shifts or finding alternative temporary revenue streams cannot happen over night.
Making new product or technology introductions also require careful planning. Thus, having a solid forecast helps suppliers plan for new products or technologies in advance.
Understanding the contents of a new forecast require analytical skilla. Therefore, Prescience helps suppliers see volume distribution over time and identify new and highrunner items.
Identifying changes between revisions can be cumbersome. Prescience helps suppliers understand if and when volume is growing or shrinking. And helps to identify obsolete items.
Prescience answers key questions such as: What is the overall utilization? Which suppliers have available capacity? Which suppliers have capacity bottlenecks?
Easily see which suppliers have approved or rejected the latest forecast. More importantly, see who has not responded.
See how good suppliers are at approving new forecasts.
Track forecast response lead times from publishing to approval.
Push production plans to suppliers and track their production execution.
Digital quality checklists that provide accountability and audit trail.
Capture as-built documentation digitally on the production floor.
Plan and manage inbound raw material deliveries.
Manage finished goods inventories and measure inventory levels.
Plan and manage outbound shipments of finished goods.
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