Next generation technologies are changing the game in planning. Massively enhanced data insight and intelligent Machine Learning algorithms are enabling leaders to look beyond the traditional ‘historic’ planning models and incorporate far more sophisticated models of consumer sentiment and trends into their forecasts and plans. Transformational change requires companies to break down supply chain functional silos and link traditional functional domains such as planning and execution. As supply chain disruptions and omni channel approaches increase, tying planning to execution drives improved visibility, collaboration and enhanced performance.
Understanding all the real-world constraints and permutations of a plan can be a vital step in managing risk and ensuring agility and resilience in response to disruptions and fluctuations.