Supply Chain Planning Trends and SAP Integrated Business Planning
Key Takeaways
⇨ A well-defined planning process and connected, integrated, and cognitive planning tools to address supply chain disruptions is crucial for organizations.
⇨ Effective planning ensures that the right products are designed, sourced, produced, transported, delivered, returned, and refurbished to the right place, time, and cost.
⇨ SAP's Integrated Business Planning (IBP) is a comprehensive and ultramodern planning solution helps organizations to optimize their supply chain operations, reduce costs, and improve customer satisfaction.
Effective planning is critical for the success of supply chain management. Businesses can improve customer satisfaction, reduce costs, and gain a competitive advantage in the marketplace by shaping demand, optimizing inventory levels, supply, production schedules, logistics operations, and risk management strategies. Planning increases supply chain resiliency as allows organizations to manage disruptions. Disruptions in the supply chains have the potential to recur more often than ever. Macroeconomic conditions are changing, and each geography faces its unique challenges. A well-defined planning processes and connected, integrated, and cognitive planning tools to address these disruptions becomes crucial for organizations. This article discusses the growing importance of planning in supply chain management, latest trends in supply chain planning functions, and SAP’s Integrated Business Planning (IBP) that is a comprehensive and ultramodern planning solution that helps organizations to optimize their supply chain operations, reduce costs, and improve customer satisfaction.
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