Production planning

• From: johnpeterson1812g@gmail.com
• Posted: 02/23/2014 01:01AM
• City: Worldwide
• State: WORLDWIDE
• Keywords: Production Planning
• Description:
• StraightRisk is an advanced modeling software designed to calculate risks associated with all aspects of your business, helping you make smarter decisions in everything you do, and understand the risk associated with every decision. Specifically, StraightRisk covers four main areas of risk: Demand Management Risk On the Demand Management side, StraightRisk helps demand planners build insightful risk models that can uncover current threats in their company's product portfolio and its customers' buying patterns. StraightRisk uncovers risk events and helps identify events that are most likely to happen. StraightRisk allows you to: • Accommodate uncertainty in your sales forecasting models • Minimize the total risk of your demand portfolio • Anticipate game-changing market risks • Foresee upcoming periods profit-threating volatility Click here for more detailed information on how StraightRisk can help forecast risk in your Demand Management cycle. Procurement Management Risk On the Procurement front, StraightRisk puts advanced risk models at your fingertips without the need for a Ph.D. in econometrics. Simply upload your procurement data and we will automatically fit the best model to use in order to predict volatility in the coming period. This will enable you to take the necessary measures beforehand with your clients, and decide on appropriate price buffers for orders that have a long lead-time. StraightRisk allows you to: • Measure the expected degree of price volatility of raw materials • Identify risky supply dependencies • Evaluate suppliers based on risk as well as cost and/or measure deliverable risks • Anticipate upcoming supply disruptions • Predict important shifts in your cost drivers Click here for more detailed information on how StraightRisk can help forecast risk in the Procurement aspect of your business. Inventory Management Risk When it comes to Inventory Risk, StraightRisk helps you determine the inventory risk depending on the level, composition and location of such inventory. Today, it is much easier for valuable inventory to turn obsolete, be damaged or spoiled, or witness a dramatic decrease in value. In addition, unforeseen events like natural disasters, disease outbreaks, even terrorist attacks, can change market dynamics almost instantaneously. StraightRisk gives you the tool to calculate the risk of different inventory decisions. As just one example, you can use our risk map to visualize how probable it is for your inventory to be subjected to a certain risk and the impact of such risk on your bottom line. You can use this analysis to include the effect of risk when choosing warehousing or store location for high-value inventory. StraightRisk allows you to: • Calculate the likelihood of out-of-stock risk • Determine the risk of spoiled or outdated inventory • Uncover redundant inventory deployments • Analyze unfavorable inventory trends Click here for more detailed information on how StraightRisk can help forecast Inventory Risk in your business. Production Planning Risk StraightRisk is able to discover various risks concerned with manufacturing. Given the production schedule, maintenance logs and order book, StraightRisk could let you know if a certain order will not meet its deadline. Our software lets you select between different alternatives with it comes to production decisions such as expediting external materials, splitting batches, changing priorities, or scheduling additional overtime by comparing their impact on both risks of meeting schedule targets, and costs of mitigating those risks. It lets you quantify the cost of mitigating certain risks and comparing such cost with the value and probability of a loss if the related risk materialized. StraightRisk allows you to: • Uncover risk in your production schedules • Avoid potential bottlenecks • Calculate the risk new orders on current production schedule • Get advance warnings about probable machine failure