We are living in an age of astonishing progress empowered by digital technologies. This has entered our personal lives via WhatsApp, Instagram, Airbnb, Uber, and Spotify. Considerable investments are made to enable the digital transformation in the planning domain, companies are taking steps towards increasing the level of automation of their planning processes. Getting digital holds the promise of efficiency of tasks that once required substantial time and human effort. It also involves improving the quality of forecasts, plans, and decisions through mining large amounts of data to discover new insights that were previously inaccessible.
Companies need to advance data collection by building a digital twin, implement new tools that allow for more advanced analytics, prepare your organisation and build a data driven culture.
Undeniably, analytics is changing forecasting and supply planning processes – but quite some water has to pass under the bridge before companies will get to full no-touch planning. Start with developing a vision, select a business process to work on and take it from there by running projects to explore benefits and get acquainted with data science tools that go beyond the existing planning tools, build capabilities, KPIs and data.
If you want to know more about supply chain planning and forecasting in the digital age, read our white paper! Or get in contact with Freek Aertsen.