Collaborative PlanningTaking a holistic approach to trading partner collaboration cuts planning cycle time and inventory cost.
Syncron Collaborative Planning provides a better and a secure way for collaboration between multiple businesses or trading partners in the planning and fulfillment of consumer demand. It lets you define a structured process of sharing and utilizing information between both your B2B customers and suppliers.
By involving your trading partners in your Inventory Management process you can agree to mutual business objectives and measures, develop joint sales and operational plans, and electronically collaborate to generate and update sales forecasts.
Visualize the bigger picture
With Syncron Collaborative Planning you have all the tools you need to adjust the long term plan, on a high consolidated level, based on market conditions that may impact such as economic factors, currency exchange rates, competition, market growth, new emerging markets, commodity prices, etc.
It allows you to visualize the bigger picture in terms of the entire supply chain rather than their enterprise alone. As trading partner collaboration is initiated right from the planning to the replenishment stage, the supply chain as a whole is in a better position to respond to exceptional circumstances making it a more proactive entity rather than a reactive one.
Integrate your suppliers, retailers or dealerships
The Vendor Manage Inventory (VMI) and Retail Inventory Planning (RIM) are part of the Syncron Collaborative Planning solution incorporating your supplier trading parties in the process. VMI allows suppliers access to your inventory and forecast data so that they can manage their production planning better as well as the product shipments, reducing the lead times.
By sharing the same data, you and your suppliers are taking a major step toward optimizing inventory levels at all locations. Materials are delivered to you based on forecast and replenishment schedules, minimizing financial obligations while improving supply chain sourcing performance. RIM, part of the Dealer Inventory Management package provides the support for integrating your retailers or dealers to have them automatically replenished and optimized.
Collaborative Planning from Syncron enables you to increase forecast accuracy, implement vendor managed inventory processes, increase global supply visibility, reduce supply shortages, and lower expediting cost.