What have a Ferrari and connected planning got in common?
Its speed of reaction.
Imagine driving a Ferrari with a dirty windscreen.
You know that you might not be able to react quickly enough to avoid an obstacle in the road, so what do you do?
Naturally, you drive slower.
Likewise, a business with a slow planning process can’t see clearly the road ahead and so must drive slower.
But time is money.
Previously a luxury automaker’s planning team were using spreadsheets to manage a disconnected planning process. They spent 80% of their time on the planning process and only 20% analysing scenarios for opportunities to improve the business.
Now, having connected planning across supply chain, sales, marketing, workforce, and finance, they spend 20% on planning and 80% analysing!
In addition, processes that took 8 hours or more were cut down to minutes, and their short-term forecast accuracy increased to over 90%.
They lowered risk, increased agility, saved money and now they drive faster – like a Ferrari!
Why the Ferrari? The automaker in this case study prefers to be anonymous. So why did I choose this Ferrari picture?
Just because it is an elegant, beautifully designed, fit for purpose, piece of engineering…
… and it makes me smile,
… just like CFO’s smile when their connected planning process is transformed into an elegant, beautifully designed, fit for purpose, piece of engineering:).
If you would like to read more…
https://wildtechnologies.tech/connected-planning-solves-4-key-problems-that-business-silos-cause/
