Plan, Track and Respond
Collaborative forward looking enterprise planning enable pro-active actions that deliver on business goals.
The Need
Enterprise business alignment and action requires access to most recent information, a collaborative framework and timely action to address the emerging needs and opportunity. Traditional budgeting processes fail to create forward looking and timely action to meet the business goals. .
The Solution
The best practice in planning is to create a continuous forward looking planning process. Sales forecast, manufacturing, capacity plan, raw material sourcing, input prices, new initiatives all flow into the planning process on a periodic basis. This forward looking picture for the managers gives them the ability to get early visibility into upcoming enterprise activities, track the plan with the actuals and respond with update to their plan. The use of driver based budgeting approach allows all users to understand the impact of events on the enterprise performance. As a result, cost saving opportunities and business saving opportunities become visible and timely action results. Operations managers can track their manufacturing and capacity, purchasing managers can track their sourcing and costs and sales managers can plan their sales and promotions.
The Benefits
- Ongoing forward looking planning, collaboration and projections
- Ability to track and take pro-active action in response to changes, variances and events
- Forward looking visibility into individual, initiative or aggregate metrics and financial results
"With SCAnalyzer, our managers can plan collaboratively on getting to our business goals. Managers can see the plan and events for a department or plant and see its impact on other departments or plants. The translation of their actions into business metrics and financial statements brings focus us on the goals."
Steve Elliot, Director Business Planning and Analysis, NorthSide Foods
Find out more about the product module to implement this process, click here.
