S&OP is one of the core principles that have played a key role in optimising the supply chain during the last decade. This is necessary to create a truly lean, agile model for global supply chain management.
The main goal of the S&OP process is balancing marketplace demand and resource supply. If demand exceeds supply, the company will be unable to meet marketplace requirements for goods and services. The S&OP brings together all the plans for the business (sales, marketing, development, manufacturing, sourcing, and financial) into one integrated set of plans.
Key Takeaways:
S&OP Process Overview
Major Attributes of S&OP
Conduct Demand Planning
Develop Supply Forecasts
Product & Service Development