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The accuracy of planning within an organization is integral to efficient operation of all aspects of the supply chain. Demand forecasts determine procurement timing, inventory holdings, production scheduling, and other key activities. It is critical that the planning Business Community has the right information in real time in order to update the plans and forecasts that drive business activities. Equally important is the ability to assess past forecasting performance in order to continuously increase accuracy.
Sterna Business Positioning System™ (BPS) delivers prepackaged analytics libraries specific to the planning Business Community that are leveraged to rapidly deliver a business analytics solution to managers of this Business Community. |
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Sterna Packaged Libraries for the planning Business Community include a broad set of business schemas, mathematical models, and graphical Business Views to provide a complete picture of the planning community and its business dependencies across the enterprise. Each Business View features a Money Surface™ that bridges the operational performance with its financial implications so that managers can instantly navigate to the opportunities offering maximum impact.
Planning executives focus on answering questions such as: |
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How accurate is our planning? |
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Are inventory levels appropriate for planned demand? |
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Is there an operational need for SKU rationalization |
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Where is underproduction a problem? |
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Where is overproduction a problem? |
Below is a subset of the Business Views that are provided in the Logistics Packaged Libraries (each Business View has its corresponding business schema and mathematical functions, not described herein) that help address the above questions and more: |
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| By utilizing functionality provided by the Planning Packaged Libraries, managers quickly understand the dependencies within their community and across other communities and how they translate into financial impact. With Sterna BPS, planning managers are equipped to answer more complex questions, such as: |
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Is excess portfolio variety limiting our ability to produce and deliver higher value products? |
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Was the level of forecast error high in areas experiencing low order fulfillment? |
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Have corrections been made to the forecast approach for products with persistently high destructions? | |
| Sterna BPS provides the flexibility to rapidly develop custom functionality, be it custom prediction models, business schema, and/or presentation. |
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