Breaking down silos for more accurate forecasting
A Production environment provides an abundance of data for analysts to review. With so many variable to impact production, you know your competitors are constantly looking for ways to optimise their processes and reduce costs. But, if your analysts are using spreadsheet models to drive your decisions, it is almost impossible for your organisation to stay competitive with your peers. If your business functions, like Finance, HR, Operations and Supply Chain, are still planning in silos, then not only will your decisions to slow and cumbersome, you are probably making bad decisions based on inaccurate data and predictions as well.
The pandemic and recent market uncertainty threw most supply chains into a constant state of flux. If you are wondering how to regain your lost market share, then building greater collaboration between your important business functions is a good place to start. Breaking down those information silos and generating accurate forecasts that link real time production to customer demand could help you identify new market opportunities or segments. Greater visibility, leads to more accurate insights, and better planning. Your analysts will then be able to identify patterns and relationships within processes and the impact it will have on production yield, before they become prevalent.
Digital transformation will give you a single source of truth, enabling your analysts to predict and investigate how changes in product pricing, packaging, supply and production processes will impact customer sentiment and demand. It will also create a better maintenance schedule for plant, giving you more uptime and smoother operations leading to faster and more reliable Supply.
PMsquare has considerable experience implementing successful solutions that will transform your financial and operational budgeting and forecasting processes, so you can enjoy more detailed budgeting and forecasting when it comes to assets, asset life and depreciation.
PM2PLAN Solution
Running operations across multiple regions, in different languages can be challenging when using a shared services structure. Our PM2Plan Solution integrates the requirements of sales, finance, operations and other departments, leveraging a new and modern modular approach across borders.
The PM2Plan solution is an integrated information management and business analytics solution that leverages your organisations internal expertise, industry knowledge as well as your many sources of structured and unstructured data, to drive growth and productivity across the enterprise. PM2Plan combines the capabilities of IBM InfoSphere to provide all the foundational building blocks of trusted information, including data integration, data warehousing, master data management, big data and information governance. The PM2Plan solution unique methodology will integrate the capabilities of your financial, sales and operational planning functions while taking into consideration the needs of distributing, production, and business units in regional countries.
PM2Plan Benefits: