Scenario Planning
How can supply chains return to business as usual and better prepare for future challenges?
Exponential population and technology growth is occurring at a rate never before seen in history. Together, these forces have created the data driven world we live in. The business landscape has become more competitive and complex given the increased level of capability required to scale, evolve and rapidly gain market share; shortening the business maturity lifecycle.
A critical success factor to survival in both nature and business is the ability to learn and implement quickly - to adapt and evolve. By reducing the time it takes for your business to know what’s happening, learn what is needed for success and implemention, you can outpace your competitors and capture new opportunities.
Today, there is an imperative to turn the vast seas of data into information, something useable which drives insights and enables us to make decisions which optimally utilise assets and resources. In operational speak, this entire process is enabled by excellence in Scenario Planning.
This presentation covers what is Scenario Planning, the relevancy of Scenario Planning today including an analysis of the stages of S&OP maturity and a case study with Australian food manufacturer Simplot, a leader in S&OP maturity and Scenario Planning.
Scenario Planning is a structured “what if” analysis of the future internal and external operating environment.
It enables proactive strategic, operational and tactical adjustment to address potential issues and opportunities. Trade-offs between opportunities and risks are then analysed against given constraints.
Effective Scenario Planning supports rapid, optimal decision making and enables a business to act swiftly and with confidence.
The qualitative benefits of Scenario Planning include:
- Forward Visibility
- Informed Trade-off decisions
- Decision optimisation
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