As business leaders, we inevitably find ourselves quoting Tom Cruise’s line from Jerry Maguire: “Show me the money!” And it’s our job to lead our teams to where the money is.
Business leaders need to remember that making money is not only about bringing in more of it; learning how to stop losing it due to operational inefficiencies is equally important. This is true for any company, but especially those involved in any part of the supply chain, such as big manufacturers, distributors, retailers and e-commerce players that need to juggle thousands, and sometimes millions, of planning items.
One of the most effective ways to generate more revenue and to stop leaving money on the table is to hit two birds with one stone by streamlining sales and operations planning. Companies that have mastered the sales and operations planning process report an up to 31% revenue growth, an up to 46% inventory reduction and an up to 39% uptake in customer satisfaction. Using artificial intelligence (AI) plays an essential role in this upgrade.
How To Streamline Sales And Operations Planning
Improving sales and operations planning is strategically beneficial as it influences major business and process KPIs. These include but are not limited to fill rate, working capital, demand forecast accuracy, manufacturing and sales costs and inventory turnover. So, how can you learn to plan better?
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2022/09/29/how-ai-can-streamline-sales-and-operations-planning/?sh=205532bf7e60
Business leaders need to remember that making money is not only about bringing in more of it; learning how to stop losing it due to operational inefficiencies is equally important. This is true for any company, but especially those involved in any part of the supply chain, such as big manufacturers, distributors, retailers and e-commerce players that need to juggle thousands, and sometimes millions, of planning items.
One of the most effective ways to generate more revenue and to stop leaving money on the table is to hit two birds with one stone by streamlining sales and operations planning. Companies that have mastered the sales and operations planning process report an up to 31% revenue growth, an up to 46% inventory reduction and an up to 39% uptake in customer satisfaction. Using artificial intelligence (AI) plays an essential role in this upgrade.
How To Streamline Sales And Operations Planning
Improving sales and operations planning is strategically beneficial as it influences major business and process KPIs. These include but are not limited to fill rate, working capital, demand forecast accuracy, manufacturing and sales costs and inventory turnover. So, how can you learn to plan better?
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2022/09/29/how-ai-can-streamline-sales-and-operations-planning/?sh=205532bf7e60
