Market Forecasting Now Included in Supply-Chain-Forecasting Software SuiteMarch 22, 2021
Plex Systems offers the Plex Market Forecast Manager, now part of the Plex Supply Chain Planning Suite. Plex Market Forecast Manager enables manufacturers to integrate internal and external data points alongside demand plans to drive more accurate inventory decisions, gain market share and evaluate and scale the supply chain, according to company officials. The initial release provides automated access to IHS Markit’s Light Vehicle Forecast, helping automotive manufacturers form accurate and timely forecasts.
A cloud-based information resource, Plex Market Forecast Manager helps manufacturers validate organizational projections in a single source, and when combined with Plex Supply Chain Planning, it changes what is typically a time-intensive and manual effort for companies into a real-time automated activity that allows leaders to manage the entire supply chain.
The solution enables comprehensive and streamlined planning at the enterprise level, which includes integrated business planning, demand and supply planning, rough-cut capacity planning, and distribution requirements. This data then can be shared with the plant for production scheduling and execution.
“End-to-end visibility and control in manufacturing is a key differentiator that separates leading smart manufacturers from followers,” says Richard Murray, chief product officer of Plex Systems. “Companies that can closely align future forecasting with their supply chains have the greatest opportunity to gain market share by anticipating customer needs and responding to short lead times and changes with agility and resourcefulness.”Adds Henner Lehne, vice president-global vehicle group, automotive for IHS Markit: “The automotive industry is changing rapidly, making supply-chain and forecasting tools essential to suppliers working to respond quickly and accurately. The opportunity to merge our data with Plex’s planning solutions gives automotive leaders a significant advantage when making critical decisions about the future of their businesses and supply chains.”
See also: Plex Systems, Inc.