Connected Planning is helping business to link Strategy to Operational Execution.
What planning platform(s) are you using today?
How to do it?
Both the methodology and platform for connected planning must be agile, collaborative, easy to build, use and maintain for fast support and easy integration and updates between LOBs and the many legacy LOB transaction applications and other data sources.
Where is your company's next planning focus?
What to do?
Discover the potential of Connected Planning in Finance, Supply Chain, Sales Planning or HR/Workforce Planning.
Gartner Group takes a 2021 next generation focus on the Extended Planning and Analysis (xP&A) as a logical next step to FP&A.
Others take a Supply Chain perspective and calls it Integrated Connected Business Planning.
It is two sides of the same coin of Connected Planning, and it is a huge potential and for many CFO's the next generation of transformative project in the corporate world.
Making Finance a much stronger Business Partner to the rest of the organisation with more sight into lines of business by connecting the operational planning across all LOBs where relevant.
Suggested next transformative projects:
1) xP&A is the logical extension of FP&A.
2) IBP is the logical extension of S&OP
3) Sales & Marketing Planning is logically integrated with the xP&A or IBP project
4) HRWP is a logical next step to xP&A or IBP
Keys:
LOB: Line of Business
xP&A : Extended Planning & Analysis
IBP : Integrated Business Planning
FP&A : Financial Planning and Analysis
S&OP : Sales and Operations Planning
SMP : Sales and Marketing Planning
HRWP : Human Resource Workforce Planning