Supply Chain Topics

Topics > English > Scenario Planning  

Scenario Planning

The Point of View of Quintiq


How do you become a scenario planning expert?
by Ilka Schulte - Marketing Executive, Quintiq

What if:
- You lost one of your biggest clients tomorrow?
- A product launch had to be delayed?
- One of your suppliers hit a bottleneck?
- Would you know what to do?

A lot of people wouldn’t. A scenario planning expert would.

When Dr. Freek Aertsen co-hosted a Quintiq webinar with Dr. Michiel Jansen on scenario planning towards effective S&OP, he asked participants how often they conducted scenario planning. 24% of respondents did very little or none at all. 48% only conducted scenario planning when discussing changes in demand versus forecast.

These numbers are reflective of industry averages. Given how vital scenario planning is to a company’s stability and profitability, I’m always surprised at these results. Supply chains are complex. If, for example, one of your suppliers is suddenly unable to provide what you need, it is essential to have a plan in place so you don’t lose any revenue or customers. Most people agree with this, so what’s stopping them from including scenario planning in their sales and operations planning (S&OP) process?

Dr. Aertsen explained that it usually comes down to three things:
- companies lack the correct tools,
- they feel it’s too complex
- and they think they don’t have the time.

 


read more >>
(external link)





-------------------------------------
Would you like to add your standpoint for this topic?
Contact SCM Portal at info@scm-portal.net

--------------------------

Please find hereafter some documents of interest related to "Scenario Planning". To refine this search, please select or change your language of interest.


Language Filter

1 - 5 of 150
Pages (30)  [  1  2  3  4  5    >  >> ]

DOCUMENTS
 

Forecasting Techniques that Produce Superior Results

Although forecasting isn’t everything, it is the main shaper of how a company serves its...


This document represents a sample risk control matrix (RCM) relevant to the logistics department of a corporation. It provides an overview of different risks organizations can...

Efficiency is the name of the game in the solar energy business. The more electricity a photovoltaic solar power system squeezes from the sun, the greater value (by area) that...


Multi-echelon inventory optimization is a proven vehicle to gain a competitive advantage by reducing inventory and improving service levels. Life sciences companies benefit...


Despite strict government regulations, labor laws and fatigue risk management principles, ATCO fatigue remains a significant hazard. A big part of the problem lies in ATCO...



1 - 5 of 150
Pages (30)  [  1  2  3  4  5    >  >> ]

 

Supply chain E-learning



Explore available supply chain e-learning modules by language and academy



News & Trends
 

Last update 9 Aug 2023
Decline in manufacturing performance softens in July
   Source: S&P Global US Manufacturing PMI   -  IHS Markit
United States 


Fashion

Today’s omni-channel marketplace means competition is increasing, consumers are demanding more relevant products, inventory lifecycles are shorter and fulfillment is incredibly complex. Business conditions are constantly changing, which means you need the flexibility to adapt quickly and continu...


Education
 

Local & Regional Agenda
 


Resources
 
HOYER: Future-Proofs System for Managing Intermodal Rail, Road, and Sea Transport to Meet High Growth Potential

HOYER is an independent family enterprise that dates back to 1946, and which has become one of the world’s leading bulk-logistics providers, offering comprehensive transport services and complex logistics soluti...

Building the Brand of Procurement and Supply

Forward-thinking players are setting their sights on advancing the future of procurement with active value management. But there’s a long way to go to become an essential part of the enterprise performance conversa...


International Agenda