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The manufacturing industry is facing a wave of change. A constant need to reduce costs, deliver goods faster, and become more environmentally-friendly is combined with higher competition from global market sourcing and rapidly changing consumer demands. These pressures are forcing manufacturers to find ways to drive innovation not only in their product offerings but also within their processes in order to survive.
Gaining efficiency across end-to-end supply chain planning is one of the key ways to achieve this, but for many manufacturers the reality of achieving a profitable balance of supply vs demand is a colossal headache of disjointed, manual processes. In this blog, we explore why manufacturers are turning to an Integrated Business Planning approach to provide a more productive alternative.
Manufacturing supply chains are typically supported by multiple IT systems across different departments and divisions. Each one contains a wealth of information relating to a specific process, but sits disconnected from the others, leading to:
Integrated planning solutions combine data from every stage of the manufacturing process to provide a single point of truth for all planning and reporting activities. This enables planning to be conducted at a business-wide level rather than in silos, with full transparency over the impact each process or factor has on another.
IBP is fast-becoming the manufacturing industry norm, thanks to its ability to:
Without this approach, manufacturers will continue to face inefficiencies throughout the various stages of production, leaving them struggling to keep up with those who are already benefiting from greater accuracy and transparency in planning activities.
For more information or inspiration on where to get started, watch our webinar on “Driving Manufacturing Efficiency with Integrated Business Planning”.
Watch our webinar “Driving Manufacturing Efficiency with Integrated Business Planning" to find out how discrete manufacturers are benefiting from IBP