Consider Upping the Frequency of Your S&OP Meetings to Get Ahead of the Crisis and Ready for Recovery
During what may be the most stressful time in the history of your business, improving inputs to S&OP processes—demand forecasts/needs, inventory allocations, internal capacities, and supplier capacities—won’t be easy. If you're a middle market manufacturer that's running full out above capacity to meet demand, it's time to consider increasing the frequency and intensity of your S&OP meeting process.
On the latest point of view from TBM's Supply Chain leaders, Ken Koenemann and Brian Cromer, talk about how changing the cadence of conversations with operations and finance teams from monthly to weekly, or even daily, can help your organization be better prepared to:
- Respond in real-time to actual demand instead of forecasts
- Manage through uncertainties and keep information as up to date as possible
- Make strategic allocation decisions
- Prepare for the recovery