Rapid Integrated Business Planning Process Is Driving Leading Manufacturers, According to New IDC PlanScape
By Business Wire News
By Business Wire News
By 2018, 75% of manufacturers will be coordinating enterprise-wide planning activities under the umbrella of rapid integrated business planning (rIBP), according to IDC Manufacturing Insights. A newly released study, IDC PlanScape: Implementing a Rapid Integrated Business Planning Process as Part of a Next-Generation Supply Chain (Doc #257293), dives deeper into the prediction and provides decision makers and executives within leading manufacturers the critical elements for success in next-generation supply chains.
“As an industry, manufacturing has wrestled with sales and operations planning (S&OP) for what seems like decades, yet at IDC Manufacturing Insights, we’d suggest that simply doing S&OP isn’t sufficient. We would argue that aligned and integrated planning efforts must be enterprise wide, ensuring that efforts are not wasted or pursued in opposition to each other. It is this notion, one we call rapid integrated business planning, that we see as the future,” said Simon Ellis, Practice Director, Global Supply Chain Strategies.
The new IDC PlanScape offers a unique decision-making tool to help IT professionals plan the evolution of the IT operations architecture to virtualized networks. It helps to assure business value from technology by establishing a business case, identifying risk factors, and outlining critical success factors.
IDC Manufacturing Insights asserts that it is no secret that the supply chain of today is vastly different from the supply chain of the past. Today’s consumer (and by extension, the customer) has much more power in the buyer/seller relationship, due both to the abundance of information available and an increasingly competitive environment. This fact is driving manufacturing firms to identify additional sources of competitive advantage by which to better satisfy an increasingly demanding customer. With this in mind, IDC Manufacturing Insights offers the following advice to consider (to name a few key steps for consideration):
- Ensure that your business is able to meet the general speed requirements of the marketplace, and validate if internal processes help or hinder these requirements.
- Confirm that your business is not lacking resilience to supply chain ‘shocks’, either by failing to respond quickly (time to recovery) or by incurring short-term cost premiums.
- Create and/or update your S&OP process and validate what is the breadth of functional participation.
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About IDC PlanScape
IDC PlanScape reports help to assure business value is recognized from technology by developing a technology initiative that is aligned with business goals, scoped to succeed, and properly resourced. By helping technology leaders make the case for a technology initiative, recognize unique resource requirements, and identify risk factors, IDC PlanScapes mitigate the greatest risks associated with technology initiatives.
About IDC Manufacturing Insights
IDC Manufacturing Insights assists manufacturing businesses and IT leaders, as well as the suppliers who serve them in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing asset intensive, brand oriented, technology oriented, and engineering oriented manufacturing industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc-mi.com, email firstname.lastname@example.org, or call 508-988-7900. Visit the IDC Manufacturing Insights Community at http://idc-community.com/manufacturing.