Four reasons to break up with Excel and move to digital Supply Chain Planning
For many organizations, digital supply chain planning processes have historically been performed within Excel spreadsheets. However, as companies are moving toward more integrated planning models, spreadsheets have become a bottleneck due to the information silos they have created.
There are many issues with relying heavily on Excel for supply chain planning, such as data silos, planning delays, and outdated data. These issues become more pronounced as the complexity of the organization and planning processes increase. Key challenges include:
- No real-time monitoring impacts performance
- Little collaboration across siloed planning
- Manual processes waste planner resources
- Lack of forecast accuracy reduces revenues
Adopting a unified, cloud-based, and predictive intelligence platform allows organizations to outperform their supply chain goals, overcome business challenges, and improve the bottom line. Some key benefits include:
- End-to-end visibility to reduce the risks of variability
- Collaboration for the distribution of key information
- Automation that saves time and reduces error
- Scalability to fit any sized process
“Although 58% of companies have well-documented processes for pursuing new technology investments, only a small percentage of supply chain organizations have embraced agile principles as a way to accelerate innovation.” – Gartner
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