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About WAM
With WAM, you can use automated optimization algorithms to generate maximum profit purchase, manufacturing, transport and inventory plans, and schedules. Increase demand forecasting accuracy using statistical forecasting models and best practice, collaborative forecasting workflows. Automate the creation of purchase, transport, and production orders to feed your CTRM and ERP systems.
Why WAM
With today’s volatile markets and unpredictable operating conditions, businesses with complex supply chains face the challenge of predicting demand, managing inventories, and balancing supply and demand. Industry-leading companies are deploying ION’s WAM supply chain planning solution, integrated with their CTRM and ERP systems, to improve decision making, increase agility, and overcome operating complexity.
Automate operating plans and schedules
Lower operating costs
Reduce inventory working capital requirements
Increase manufacturing throughput
Optimize purchase contract utilization
Increase profitability
Key features
Improve demand planning
Generate sales and demand forecasts based on an automated tournament of statistical methods.
Utilize collaborative workflows to enable commercial teams to shape demand plans based on market intelligence.
Constrain demand plans to match supply capabilities.
Optimize supply plans
Create profit optimized purchase, manufacturing, transport, and inventory plans.
Calculate optimum inventory and safety-stock strategies.
Perform what-if analyses to simulate the impacts of market perturbations and supply disruptions.
Optimize supply contract usage.
Generate automated purchase, transport, and production orders
Automate the creation of recommended purchase, transport, and manufacturing orders to meet market demands and feed execution systems.
Identify spot market buy/sell opportunities to augment merchant supply.
Gain global visibility to supply chain operations
Achieve near real-time transparency to the status and health of physical supply chain operations.
Receive early warnings to pending stockouts, late shipments, and inventory balances.
Enable robust scenario analysis
Compare alternate operating plans for optimal decision making.
Identify deviations between plans, actuals, and budgets.
Enhance your solution with optional value-added modules
WAM’s enterprise supply chain planning and optimization platform is designed to support the creation and management of optimized sales and operations plans and schedules. WAM supports operational, tactical, and strategic planning using simulation and optimization algorithms designed to forecast demand, balance supply and demand, minimize operating costs, right-size inventories, and maximize operating profit. WAM supports a broad range of planning functions, featuring a modular design for targeted deployments to support each business’ specific functional scope.
Demand planning
Create sales forecasts that drive improved accuracy for various business processes, including supply/demand balancing, sales and operations planning, and production scheduling.
Enterprise planning
Create optimized supply/demand plans, purchase plans, production plans, inventory plans, transport plans, and financial plans to support supply optimization, and sales and operations planning. When provided with forward cost and price curves, WAM’s linear programming algorithms create financially optimized operating plans that drive improved performance and profitability.
Supply chain monitor
Analyze interactions between current inventory levels, orders and trades, sales forecasts, purchases, and production schedules at the individual transaction or event level to create a visual simulation of your projected supply chain inventory positions.
ION Cloud
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Frequently Asked Questions
How can you drive improved efficiency with collaborative sales forecasting?
ION’s WAM creates highly accurate sales forecasts that drive improved efficiency in a variety of business processes, including supply/demand balancing, sales and operations planning, and production scheduling. It employs both a statistical and collaborative forecasting process that incorporates internal and customer input to create the most precise forecast possible. This results in higher customer service levels and lower inventory levels by enabling optimized production and shipping decisions based on accurate data.
Latest Commodities awards
Energy Risk Awards 2023
Energy Risk Awards 2023
Energy Risk Awards 2023
Energy Risk Awards 2023
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