Plex Systems, a Troy-based smart manufacturing platform provider, has unveiled the Plex Market Forecast Manager, which 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.
Now part of the Plex Supply Chain Planning Suite, Plex Market Forecast Manager will provide automated access to IHS Markit’s Light Vehicle Forecast, helping automotive manufacturers form more accurate and timely forecasts. IHS Markit provides critical information, analytics, and solutions for the major industries and markets that drive economies worldwide.
Plex Market Forecast Manager is a cloud-based information resource that helps manufacturers validate organizational projections within a single source of information. When combined with Plex Supply Chain Planning, it changes what is typically a time-intensive and manual effort for companies into a real-time, high-value automated activity that allows leaders to manage the supply chain completely from the top floor to the shop floor.
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 can then 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.”
For more information on Plex Market Forecast Manager, a free webinar is available here.