What is an APS system in supply chain?
An APS system stands for "Advanced Planning and Scheduling" system. It is a specialized software solution that helps organizations optimize and streamline their supply chain operations by improving planning, scheduling, and resource allocation processes. An APS system in the supply chain typically offers the following functionalities: Demand Forecasting : APS systems use historical data and other relevant factors to predict future demand for products or materials, allowing businesses to prepare for fluctuations in customer demand. Inventory Optimization : These systems help organizations strike a balance between maintaining sufficient inventory levels to meet customer demands while minimizing excess stock to reduce holding costs. Production Planning : APS systems consider factors like production capacities, lead times, and resource availability to create efficient production schedules that meet demand while maximizing resource utilization. Distribution and Logistics Optimiza