Taking the time to perform what-if analyses on a regular basis with real and speculative events, gives planners tremendous insight into what parts of the supply chain are most sensitive to changes. As a result, planners will have a sense of what is a big deal and what is not. And when a crisis happens, they’ll feel confident in their ability to respond.
What-if analysis is not about just running software multiple times with different settings. In this week’s Supply Chain Talk Arkieva CEO Harpal Singh, evaluates how to create a streamlined process for analyzing what-if scenarios. When I was a young engineer, some lessons were learned the hard way. I remember working on a scheduling issue