A New Approach to Supply Chain Planning Software: Try It Before You Buy It!
Summary
I spoke to Carl Turner, the Vice President of Supply Chain at Mayne, about their experience with Vanguard Software. In short, Vanguard had a “blinded view.” Mr. Turner explained that “None of other competitors offered to do the blind test.” Vanguard’s forecasting engine provided results that were “clearly better” than what Mayne had been able to achieve. The mean absolute percentage error (MAPE), is a common statistical measure of prediction accuracy for demand forecasting. This was very important for Mayne because there are six month led times associated with buying critical raw materials used in the products they produce. Mr. Turner does not have a precise calculation of the savings, but obsolescence, drugs that need to be thrown away because they have expired, was reduced substantially.
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