Plex Systems Announces Launch of Market Forecast Manager
Plex Systems has recently announced the release of the Plex Market Forecast Manager, now part of the Plex Supply Chain Planning Suite. Plex Market Forecast Manager 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. The initial release will provide automated access to IHS Markit’s Light Vehicle Forecast, helping automate manufacturers form more accurate and timely forecasts.
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Plex Systems delivers a smart manufacturing platform that empowers the world’s leading innovators to make high quality products. Plex gives process and discrete manufacturers the ability to connect, automate, track, and analyze every aspect of their business—from the shop floor to the top floor—to drive business transformation. Built in the cloud, the Plex Smart Manufacturing Platform includes MES, ERP, supply chain management, Industrial IoT, and analytics to connect people, systems, machines, and supply chains, enabling them to lead with precision, efficiency and agility in an ever-changing market.
Plex Market Forecast Manager is a cloud-based information resource that helps manufacturers validate organizational projections within a single source of truth. When combined with Plex Supply Chain Planning, it changes a time-sensitive and manual effort 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. This 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.
“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.”
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