Three in five companies are dissatisfied with the fit between their supply planning objectives and their supply planning capabilities. To ensure future supply chain planning improvements, build a supply chain planning process that aligns to business objectives and outcomes. This includes product portfolio planning, demand planning, supply and inventory planning, and the S&OP and sales and operations execution (S&OE) processes.
Process maturity is also important for future investment, and yet 72% of companies with a physical supply chain are at Stage 3 or below in terms of their supply chain planning maturity. To grow your supply chain planning maturity, integrate supply chain planning processes with other internal processes such as order-to-cash, procure-to-pay, financial budgeting, and customer and supplier relationship management.
Also, establishing key performance indicators (KPIs) enables the supply chain organization to justify, monitor and drive individual processes, as well as accelerate overall supply chain performance by balancing local and global performance improvements.