FORECASTING AND S&OP
Service level Improvement, Waste reduction, Resource optimization
Context
Forecasting and S&OP are core components of Supply Chain Management, and can always be improved to the next level of performance
S&OP has to be a well-oiled process: accurate & efficient to take the best decisions based on the latest information. S&OP helps to align key stakeholders around a consensus plan to facilitate the decision-making process. Manual processes & spreadsheets are time-consuming with high risk of data inaccuracy.
Forizons strongly believes that digitalization will enhance your data accuracy, automate manual effort and provide a strong ‘buy in’ for your stakeholders.
From a full green field process design to a current process improvement, Forizons helps you to maximize the throughput of each step & improve the efficiency of your S&OP process in your organization.
Our Approach
1. Flash Diagnosis
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Interviews, observations and data collection
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Detect opportunities for improvement
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Build a recommendation plan: People, Process & Technology
2. Deep Dive Diagnosis
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Interviews, observations and data collection
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Various calculations/analytics to assess accuracy of current forecasts and plans
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Detailed recommendations to improve People, Process & Technology
3. Improve existing S&OP
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Interviews, observations and data collection
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Detailed recommendations to improve People, Process & Technology
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Change management and coaching on 2-3 S&OP cycles to establish the continuous improvement
4. Design new S&OP
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Design new S&OP process from scratch, based on building block approach
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Implement new process and put KPI in place
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Change management and coaching on 3-6 S&OP cycles to establish the new process
Case Study
CASE 1: Forizons assisted a leading manufacturer for a business transformation plan and designed a new S&OP tools for monthly review.
There was a significant reduction in inventory and labor cost.
CASE 2: Forizons facilitated a global steel production company to implement a new S&OP process improve the company’s resource allocation. This helped the company to reduce the operational cost.
Impacts
