Today’s highly competitive chemical market creates tremendous challenges for business. Companies face unprecedented levels of supply chain complexity at a time when traditional buffers, such as safety stocks and high margins, are being squeezed. Companies need better visibility-to-demand in order to align inventory and production requirements. Demand is a driving force in the supply chain that causes a ripple effect throughout the entire execution and fulfillment cycles. This means that manufacturers must have the right resources to respond to demand with a high degree of flexibility to absorb unplanned demand changes.
Meeting order commitments creates further pressure to deliver on time, and inventory problems or excess overtime will impact profitability. Manufacturers must expand beyond the plant and coordinate their resources between customer demand and supplier lead-time and availability.
Honeywell’s Value Chain Management solutions helps turn your supply chain into a competitive advantage. Combining a highly efficient business process with powerful demand and inventory management tools enables you to thrive in today’s dynamic market. Our solution helps manufacturers forecast demand more accurately and make the supply chain more responsive in the face of change. Advanced inventory control capabilities help establish accurate inventory targets to achieve highly efficient turnover rates.
Honeywell’s Value Chain Management solutions are part of a complete portfolio of advanced software applications. These solutions allow you to improve forecast accuracy and production scheduling, and maximize inventory turns. Most important, they help you convert your resources into results, including superior customer service and increased profitability in your business.