Vanguard Software: Growing through 2020 and Celebrating 25 Years of Business
2020 certainly has been an eventful year, with wildfires, trade tariffs, hurricanes, and, to top it all off, the COVID-19 pandemic. These events have caused significant disruptions in all business areas and every industry, from changes to demand and profits to rewriting how we conduct day-to-day activities. Yet, some companies were poised to thrive despite the rampant uncertainty that marks 2020.
Vanguard Software is in a fortunate position to thrive in such uncertainty because our business centers on just that – helping organizations overcome uncertainty. This year’s events have put supply chains in the spotlight, with companies worldwide seeing the direct implications of ineffective supply chain planning.
As a company, we are thankful not to have had to cut hours or wages or layoff any of our valued employees. On the contrary, we have continued to grow and expand our business. We understand that our growth through this year has not been a stroke of luck but rather an opportunity to put our years of experience to the test.
25 Years in Business
This year marks Vanguard’s Silver Anniversary when we introduced our first product for decision support analysis in 1995 to help organizations make more informed decisions.
In the 25 years since then, we have built upon our original statistical forecasting tool, which grew into the IBP solution we offer today. Our solution has continued to leverage best practices and the latest in technology like AI. Now more than ever, it is relevant in the ever-changing supply chain landscape. We believe our experience has not only helped us survive 2020, but it has also helped our customers survive, adapt, and overcome this year’s obstacles.
Scenario Planning During COVID-19
Vanguard Helped Placon® Shift its Manufacturing Lines during the Pandemic
For over 50 years, Placon® has been a leading designer and manufacturer of stock and custom-designed plastic thermoforming and injection molded packaging. They work with a broad range of customers throughout the world in the food, medical, and retail market space, focusing on the North American markets.
Placon answered the need to help with COVID-19 by shifting its focus to produce face shields. Placon worked with engineers from the University of Wisconsin and adapted manufacturing lines to make millions of plastic face shields for frontline healthcare workers.
When asked how Vanguard Predictive Planning™ has helped Placon through the COVID-19 pandemic, Senior Demand Planner Adam Schutz said:
“You can imagine how crazy things can get for a company in the Food, Medical, and Retail packaging industry during a global pandemic. Three completely different markets with three completely different response curves.
Vanguard’s great user interface and sophisticated forecast models left us feeling confident about our projections. We were able to detect signal changes at different levels of detail and react accordingly. Top-down adjustments were quick. We could adjust our plan in minutes while incorporating input from internal experts. Most importantly, the toolset in Vanguard allowed us to trim or ignore months of abnormal buying patterns.
Early months of the pandemic would have been a lingering nightmare for years until the bias was scrubbed from our sales history. We would have been in a world of hurt trying to navigate this situation with our old software system.”
Looking to the Future
Not only has our experience proven invaluable during a year of such uncertainty, but we have also been able to put our knowledge to the test and help our customers respond and recover throughout 2020.
Now, with supply chain planning and optimization in the spotlight, it will only continue to grow in importance as more and more companies seek to automate their processes, poising Vanguard for continued growth and innovation.
About Vanguard Software
By working with market leaders from across the Fortune 100 to the midmarket, we have developed the most advanced and accurate planning solution in the world. With a global network of partners and a market-leading, cloud-based mesh network, customers and analysts alike are impressed with Vanguard Predictive Planning™.
Today, companies across every major industry and more than 60 countries rely on our planning solutions. This global presence stems from our commitment to solution innovation, customer support, and responsible management. The products and services you rely on today will evolve, without service disruption, as your needs and process maturity levels grow.
If you would like to learn more about our ever-growing market-leading solutions, contact a representative today.
Supply Chains Post COVID-19