What collaboration between supply chain and finance can unlock
The Volatile, unpredictable, complex and ambiguous (VUCA) world has the knack for testing businesses and world economies with unprecedented challenges. As business decision-makers, the best you can do is to keep disrupting the existing processes and ensure innovation.
Companies that connect planning across the organization and cultivate solid business alliances between its supply chain and finance teams achieve stronger financial outcomes than those using traditional business models. It leads to a leaner and cost-effective supply chain and leads to improved visibility to solve some tough challenges, including:
Aligning financial forecasts with sales and operations planning (S& OP) and supply chain planning
Reducing inventory costs while meeting service levels
Achieving strategic sourcing, with profitability as the key financial metric
Ensuring effective planning, budgeting, execution, and measurement of trade promotion management activities
Leveraging technology and collaborative processes to gain real-time visibility into the end-to-end supply chain—across lead times, supplier capacity, inventory positions, TPM performance, and other KPIs
Growing organizations across the world are using Anaplan, a leader in the supply chain as well as financial planning space and a truly enterprise-level planning platform to eliminate siloed decisions and business strategies by connecting people, plans, and data.