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Aligning Data with Business Objectives – Syniti’s CTAsJul 11, 2023 — Data management has become a C-suite topic. In recent research by Syniti and HFS, the C-suite sets and owns the data objectives for more than 90% of respondents. The research also reveals that the chief executive officer sets the data objectives for 46% of companies, while the chief data officer and the chief digital officer combined set objectives for about 33% of companies. This increased attention from the executive leadership has led to greater investments in data management systems.
But despite these statistics, the research suggests a disconnect between executives’ perceptions of trust in data and the operational realities. Based on Syniti and HFS research, organizations should take actions to improve their data management strategies' effectiveness and use data quality solutions to improve data management. These solutions, with their inherent features such as monitoring, parsing, metadata management, data curation, and enrichment, can help identify, comprehend, and rectify the issues causing the gap between trusted and actionable data.
2 minute read
5 Steps of S&OP to Achieve an Integrated Business PlanApr 28, 2020 — Sales and operations planning (S&OP) is a set of decision-making processes that regulate and coordinate overall capacity, inventory levels, and lead times across engineering, projects, manufacturing, finance, supply chain, and operations based on forecast information about the market. S&OP focuses on changes from the previous plan and links that with the strategic goals of cost and lead time reduction to determine suitable capacity adjustment actions. This article will provide the framework and key concepts to using SAP Integrated Business Planning (IBP) for Supply Chain to effectively balance demand and supply and attain financial targets.
After reading this article you will be able to:
- List and define the five essential steps of S&OP
- Explain how S&OP fits into the larger manufacturing planning and control hierarchy
- Apply the components of S&OP to data gathering, demand and supply planning, and supplier collaboration
14 minute read