Align and Manage Business Goals to Optimize Resiliency
Several factors in today’s business climate have made it necessary for IntegratedBusiness Planning (IBP) to align a company’s business and financial goals with the supply chain, manufacturing production, operations planning and other Sales & Operations (S&OP) functions.
IBP allows organizations to take data from supply chain projections, financial reports, and strategic plans and incorporate them into their business plan. The ability to gather data in this way and connecting the planning functions of each department, gives businesses more insight into how each part of the supply chain is working individually and as a whole. Supply chains have also become increasingly global and local, requiring an ecosystem where all key external stakeholders can plan and collaborate easily.
IBP puts more focus on the product and includes additional factors that can have an impact on business success. Examples of these factors may be product development operations: more than just potential lifecycle phase in/out, product development may require manufacturing innovation or extensive prototyping which has implications on financial goals. In addition, in highly regulated industries, there could be implications to product safety that vary across the globe and would impact potential revenue streams.
To achieve a successful end result, organizations need to develop a process to support the necessary collaboration and flow of information needed. The amount of information required and the level of analytics and optimization that need to be applied will require the use of key technology to develop actionable insight and plans from disparate data and goals.
Through proper Integrated Business Planning powered by supply chain planning and optimization technology, manufacturers can build responsiveness, agility, and resilienceto ensure continuitythroughout their supply chains.
An Integrated Business Planning strategy must:
Take data from supply chain projections, financial reports, and strategic plans and incorporate them into their business plan
Align financial business objectives with operations and the supply chain
Impart best practices to bring together different stakeholders to arrive at a consensus S&OP and drive optimized fulfillment of customer demand
Include operational goals with financial and corporate goals as part of the holistic plan
Add more agility and resilience through model-based simulations and what-if scenarios to create truly technically advanced and sustainable supply chains.
The 3DEXPERIENCE® platform equips businesses with holistic solutions that provide end-to-end supply chain visibility and optimization capabilities for continuous, 'change ready' improvement. This collaborative environment helps companies make informed business and financial decisions, improve supply chain performance, and incorporate sustainability, to meet company goals and create a competitive advantage while minimizing disruptions' risks and impact.
On Demand E-SEMINAR
Supply Chain Sustainability: An Accelerating Imperative |Register Now
Learn how to achieve sustainability in your supply chain operations crucial to achieve cost effective solutions that drive value for companies. (2:00:03 min)