By Paul Homchick-Oracle on Sep 23, 2014
Alice asked: "Would you tell me, please, which way I ought to go from here?" "That depends a good deal on where you want to get to," said the Cat. And this same conversation (or at least a variant of it) happens all of the time in today's commercial enterprises as they decide where to point the business and how to get there.
The past twenty-five years has seen great progress in supply chain planning capabilities, and companies continue to make progress in developing and deploying operational plans that are more and more detailed, and which have improved congruence with the financial goals and plans of the enterprise. The continual march of improvement in computer hardware and software have provided today's planners advanced supply chain models and tools that can handle large amounts of data, honoring constraints and optimizing on costs or profits. If it weren't for the real world, we might have achieved supply chain Nirvana by now. Unfortunately we live in a world where it is impossible to know the future and stuff happens. We don't really know what our customers will want, what our competitors might do, or what might happen at our suppliers. In other words, we are trying to optimize our plans under uncertainty.[Read More]