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.
Topics addressed in this article:
- Many middle market manufacturers are running full out above capacity to meet the need for essential products while others have seen demand all but disappear.
- Managing through wild disruptions and daily fluctuation in supply and demand means the cadence and discipline of S&OP has to increase right now.
- Holding mini S&OP meetings every week or even every day can help manufacturers manage through the current crisis as well as the recovery period that will follow.
Read the latest point of view from TBM's Supply Chain leaders, Ken Koenemann and Brian Cromer to learn more 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
You can also visit the TBM COVID resource center for manufacturers for more information on how to respond and prepare for the long-term implications of COVID-19 manufacturing resources.