Understand and Resolve essential issues in real-time with Supply Chain Planning Control Tower

1. Understand and Resolve essential issues in real-time with Supply Chain Planning Control Tower Executives involved in the supply chain have to manage multiple things at the same time, from fulfilling customers’ demands with the right product at the right time to optimizing supply chain operations and achieving cost-effectiveness. They have to consider multiple aspects and this becomes more challenging in times of unpredictability. Thus, a smart control tower greatly solves the challenges, as it provides end-to-end real-time visibility across the supply chain. Leveraging advanced technologies like Artificial Intelligence along with machine learning and the Internet of Things, the supply chain planning control tower provides visibility into unforeseen external events and it also helps in breaking down data silos to provide real-time actionable insights and eliminate manual processes. Supply chain planning control towers provide real-time visibility across an organization’s entire network that includes manufacturers, suppliers, and business partners. It also allows organizations to manage unforeseen events, plan for unknown variations, and handles risk before they become issues. Today, accurate prediction of current and future demand is no longer possible with historical data, and with a lot of disruptions in the supply chain, it has become essential for businesses to make use of supply chain control towers to access up-to-date information for agility and resilience of the supply chain. Supply chain planning control towers collect large amounts of the latest data from across the supply chain to provide a 360-degree view of activities happening in the business supply chain in real-time. Benefits of the Supply Chain Planning Control Tower With the evolved supply chain planning control tower, organizations can connect to their entire supply network, thus having better visibility, collaboration, and optimization of the supply chain. It also allows better collaboration across teams and trading partners and conserves knowledge to improve and accelerate decision-making and results. A resilient supply chain avoids disruptions impact and even if disruptions do occur they rapidly bounce back. The major benefits of a supply chain control tower include:

2. Accurate Forecasting and Decision-making–This feature of the control tower will be extremely valuable in the supply chain industry. Control tower will not only collect data, but also analyze it, run scenarios, and even come up with a prescription to optimize supply chain efficiency and reduce its costs. The Control tower will make use of the information and automatically execute it on its own implementing the effective strategy. This autonomy will certainly revolutionize the supply chain business with the data power that earlier would have taken extensive long hours in research. End-to-End Real-time Visibility– Control tower establishes end-to-end visibility across the supply chain and quickly detects exceptions in real-time and immediately provides resolutions. This minimizes the time between exceptions and resolutions which enhances supply chain performances and also reduces the cost of its overall operations. Reduced Costs - Control towers allow effective communication and information sharing between participants and data is available within the shortest possible time. The Supply chain control tower along with the implementation of the appropriate parameters handles exceptions before arrival, thereby limiting loss in terms of cost and time. Summary – A control tower is a suite of software providing end-to-end visibility across the supply chain. It also collects and analyzes large amounts of data, and makes use of predictive and prescriptive analytics to automate decision-making and exception handling. Supply chain teams have insights into the status of orders, product-in-stock, and shipments.