Leading the way in innovation for over 50 years, we build greater futures for businesses across multiple industries and 131 countries.
Our expert, committed team put our shared beliefs into action – every day. Together, we combine innovation and collective knowledge to create the extraordinary.
We share news, insights, analysis and research – tailored to your unique interests – to help you deepen your knowledge and impact.
At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.
Manufacturing / WHITE PAPER
How integrated business planning improves operational efficiency metrics
With the COVID-19 pandemic inducing large scale supply chain disruptions globally, the manufacturing industry is now focusing heavily on sales and operations planning (S&OP) and integrated business planning (IBP). However, S&OP initiatives are often hampered by large gaps between planned and budgeted sales numbers and actual sales figures. Additionally, incorrect forecasting methods and unexpected supply issues cause last-minute changes in production numbers. Traditionally, forecasting accuracy metrics such as mean absolute percentage error (MAPE) are used to measure the effectiveness of forecasting algorithms; in the process, failing to measure the effectiveness of the production scheduling or internal logistics factors. Ensuring sustainable manufacturing in the new reality requires manufacturers to adopt a demand driven material requirements planning (DDMRP) approach by decoding the correlations between MAPE and inventory turnover to improve operational efficiency.
Ready to go neural?
Talk to our expertsFind out more