In today’s large enterprises, the business of formulating a plan (and putting it into action) is as complex as it has ever been. Sales, operations, finance, investment, inventory, HR: all of these functions and more must be planned with as much care and accuracy as possible.
Therein lies the challenge for many organizations. Each of these functions has its own planning process, but they tend to operate in silos. Different systems are used, different data formats, and different approaches. Bringing them all together to see the bigger picture can be a difficult and daunting task.
Digitalization has made corporate planning easier and quicker, but many enterprises are still struggling to make integrated end-to-end planning a reality. BearingPoint’s technology and business consulting can help you make sense of it all, bringing together your disparate planning functions step by step to build a more complete picture that brings greater responsiveness, visibility and strategic value.
Reliability – end-to-end integration brings a level of consistency and trust when it comes to how planning is viewed. While plan figures by definition cannot be 100% correct, they can be relied on with more confidence and certainty, and therefore have greater value.
Strategic impact – planning acquires greater strategic significance when it becomes integrated and end-to-end. Because you can see across your whole business, planning can directly inform corporate strategy. Interdependencies can be seen and understood quickly.
Agility – integrated, accurate planning gives your organization a far greater ability to react. You’re able to pivot your direction and activity in response to market and competitor changes within days, not months.
Risk – greater integration of planning means that companies can take more informed risks. They’re also less susceptible to changes in market dynamics over the medium term – and at the very least, can react quicker to mitigate them.
Effectiveness – in simple terms, quality of planning is improved by enhancing integration. Planning becomes more accurate and more grounded.
Efficiency – an integrated approach to planning brings efficiencies in both time and cost. With systems and data formats aligned, gathering, processing and reporting can be done quicker.
End-to-end integration may be the ultimate goal, but in the pursuit of better planning there is a second critical shift that many enterprises overlook. The use of advanced statistical methods transforms planning, and enables you to predict the future with more clarity rather than rely on past data to inform decision-making. These methods bring much greater certainty and automation, especially in forecasting.