Redefining Supply Chain Strategies in a Challenging Marketplace: The Evolution of S&OP
Supply chains face an increasingly volatile and demanding marketplace. Incessant pressures, shrinking profits, security threats, rising demands, and distributed networks lead to stiff competition.
However, these disruptions also present opportunities for optimizing technologies and developing winning strategies for success.
Supply chains have catapulted Sales and Operations Planning (S&OP) to being the single most important mechanism balancing operational commitments and functional constraints.
S&OP enables enterprises to respond effectively to demand and supply variability, and serves as a proven risk management approach.
Issues at Hand: Driving S&OP Transformation into High Gear
The dynamic marketplace has practically relegated traditional S&OP practices to history. In many cases, irreversible marketplace factors have impeded the effectiveness of S&OP.
Signs that Indicate the Ineffectiveness of S&OP
Enterprises experiencing these challenges need to consider improving existing S&OP practices.
Adopting industry best practices allow enterprises to enhance capabilities, adopt strategic approaches, deploy next-gen technologies, and have better control over S&OP processes.