Improved Forecasting Cited as Key Priority

Research indicates that 86% of respondents indicate that their management team has asked them to review the supply chain process in order to find opportunities to improve their company's supply chain planning processes, and 71% of respondents have indicated the same for supply chain technology improvement.

Supply chain planning is the aspect of end-to-end Supply Chain Management (SCM) with the potential to provide market differentiation for companies. The specific processes that were studied as part of this research are: supply chain network design, demand forecasting, inventory optimization, supply planning, and Sales and Operations Planning (S&OP).

“Today, senior management is looking for the supply chain organization to deliver more than just efficiency – it is being asked to deliver innovative cost reduction strategies to help grow their company and present a market strategy differentiator,” explained Nari Viswanathan, Vice President and Principal Analyst of Supply Chain Management at Aberdeen.

“That's why organizations are increasingly using supply chain planning solutions to plan more efficiently and collect input from more stakeholders across the organization.”

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