The inability to adjust production schedules and manage worldwide inventories can quickly erode profits. Furthermore, the mistiming of technology transitions and new product introductions can adversely affect customer loyalty and confidence. While accurate forecasting is key to predicting success, agility is key to surviving the stormy seas of the current marketplace.
For ISVs seeking an integration and deployment partner to help roll-out NPIs (New Product Introductions), volatility can wreak havoc on any business or marketing plan. Forecasting inaccuracies, budget deviations, inflexible capacity, and excess inventory can complicate demand management. Finding a reliable deployment and logistics partner with a better solution can make or break an enterprise.
NEI recently presented a new business process it developed in-house with predictive modeling capability, which enhances the conventional Sales and Operational Planning (S&OP) model. Presented at the Best Practices Demand Management Conference in May 2011 held at Dallas, the model integrates with NEI’s product development process by “rapidly sensing and responding” to market volatility and shortening any latency seen while shaping the demand.
Implementation of the new model helped its supply chain partners reach consensus on delivering leaner, more profitable operations. NEI experienced improved ability to meet long-range objectives of reliable forecasts in aligning demand, supply, and operating costs and in mitigating supply chain risks.
With the development and use of this improved modeling technique, NEI’s approach to demand management and product life cycle support is second to none. Contact NEI to better understand how we can ease in-geo manufacturing, deployment logistics, and support challenges.