Resilient Planning

resilience

Raw Materials shortages continue in 2023

2 February 2023

Today after completing three years of Covid-19, with ongoing economical and political tension across nations, global supply chains were put to the test on resilience and reliability. To deal with shortages, a few manufacturers increased their inventories extensively. Which did ease the challenges of shortages but not completely. High market volatility is still causing shortages

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inflation

Strengthening supply chains during Inflation

10 November 2022

Covid, war, and several other ongoing disruptions have increased the struggles of the countries like the USA, Europe, and a larger part of Asia with inflation. Simply a price rise amidst inflation is going to hurt the customer drastically. In November 2021, the Consumer Price Index (CPI) increased by 6.8% compared to the previous year,

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data maturity

How to assess your data correctly for a better analysis?

9 June 2022

In our previous article, we discussed the importance of correctly optimizing the data and how it impacts organizations positively. The next logical question that arises is how mature companies are in their data.    But how well are the companies using their data to drive valuable outcomes? Simply put, In simple terms, data maturity is

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pharmaceutical

How to build a resilient supply chain in the Pharmaceutical Industry?

12 May 2022

According to McKinsey, the value of pharmaceutical goods traded has grown sixfold. From 116 billion euros in 2000 to 594 billion euros in 2019. In the last ten years, there has been a drastic shift in Active Pharmaceutical Ingredients (APIs) production, mainly due to cost. According to the FDA, 40% of registered manufacturing sites for

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Waves of Volatility Ahead

Riding the waves of volatility

24 March 2022

In our third article of this resilient planning series, we’ve exposed the limits of the deterministic model and supported the need to move to a more resilient approach.  This paradigm drift is crucial to mitigate this uncertainty in this VUCA world properly. How exactly will this approach be beneficial to mitigate volatility?   As a

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paradigm shift

The paradigm drift: From deterministic to resilient 

24 February 2022

Of all existing planning models, the most widespread in supply chains is the deterministic approach. However, the model has its limitations and can be potentially misleading. Gartner analyst Tim Payn believes it’s time to move to resilient planning. What is the deterministic model?  The Deterministic Model predicts events without taking random variation into account. This

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Artificial Intelligence and Supply Chain

AI for resilient Supply Chains

8 February 2022

According to Gartner, deployment of AI has tripled in the past year, with 37% of companies deploying it in 2019, compared to 25% in 2018. Artificial Intelligence (AI) and Machine Learning (ML) appear to be two of the key technologies for a more resilient supply chain.   AI MECHANISMS Artificial intelligence has got quite a few

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resilient planning the future of supply chain

Resilient planning : The future of Supply Chain

25 January 2022

The ongoing pandemic has made business activities unpredictable in many ways. Not only does it expose a lack of response in the ability of the current Supply Chains to manage unpredictable changes but also uncertainty in supply and demand. The future of the Supply chain is at risk. Companies are looking for ways to improve

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DDMRP

Flowlity: Why and how to divide stocks and shortages by 2?

26 May 2020

The DDMRP* method was invented by Carol Ptak and Chad Smith in 2011. I participated in the first European training session of the DDMRP in May 2013 given by Carol Ptak in Paris. I am therefore a CDDP (Certified Demand Driven Professional) from the very beginning. I was impressed at first sight by what Ms.

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