Considering the resilience of supply chains, but ensuring the basics of 'Supply Planning' are in place first

In today's world, maintaining a transparent, structured, and efficient supply chain is crucial for competitiveness. Standard supply chain management processes must focus on enhancing the global footprint, addressing market uncertainties, ensuring supply chain resilience, and integrating business planning. However, mastering the fundamentals of Supply Planning is essential.

1. Demand Forecasting - Predicting future demand using historical data, market analysis, and statistical methods.
2. Inventory Entitlement - Balancing inventory levels to minimize costs while meeting demand.
3. Safety Stock Calculation - Maintaining buffer stock to handle uncertainties.
4. Material Requirements Planning (MRP) - Planning inventory and production schedules based on demand forecasts.
5. Just-In-Time (JIT) - Reducing inventory by receiving goods only as they are needed in the production process.
6. Vendor-Managed Inventory (VMI) - Allowing suppliers to manage inventory levels based on demand data.
7. Collaborative Planning, Forecasting, and Replenishment (CPFR) - Working closely with partners to align demand and supply forecasts.
8. Capacity Planning - Ensuring that production capacity meets future demand.
9. Advanced Planning and Scheduling (APS) - Using software tools to optimize production schedules.
10. Scenario Planning - Preparing for different demand and supply scenarios to enhance flexibility and resilience.

Your supply chain resistance is only as strong as its weakest link, planning is fundamental to success, but it's vital to have suppliers you can count on. What challenges in Supply Planning are you facing?