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Tag: Demand Planning

What are the Phases of the S&OP Process?
FINANCE

What are the Phases of the S&OP Process?

Creating a Sales and Operating Plan (S&OP) puts you and your team on the road to higher profits and reduced waste by balancing the business’ bottom line; supply and demand. Failure to put an S&OP plan in place causes problems you may be experiencing now or want to prevent in the future.   A solid S&OP helps you work out of negative business situations. For example, if your company enjoys a firm financial footing, the S&OP will mitigate future missteps preventing high overhead and low customer satisfaction. Before covering the six phases of putting an S&OP in place and then into action, it’s essential to understand why a quality S&OP is beneficial for business. Value added by putting a solid Sales and Operating Plan in place: The plan includes valua...