From a supply chain perspective, the risk is associated with managing all the variables to stay on track, with backup and contingency plans to deal with any eventuality that might occur.
Institutionalizing and formalizing the approach is where the value of the S&OP/IBP (Sales and Operations Planning/Integrated Business Planning) process makes the critical difference.
In this report, Aberdeen examines risk management from the demand side, the supply side, and the known areas of expected change resulting from the impact of Brexit and U.S. tax and trade policies.
The report identifies how the S&OP process can address issues within the existing process framework and how it can be leveraged to determine the financial impact of the potential risk scenarios.
The following step-by-step checklist comprises the main capabilities necessary to maximize IBP: