S&OP Explained | What It Is, Why It Matters, When to Use It & How It Works

S&OP is one of the core principles that have played a key role in optimizing the supply chain during the last decade. This is necessary to create a truly lean, agile model for global supply chain management. The main goal of the S&OP process is balancing marketplace demand and resource supply. If demand exceeds supply, the company will be unable to meet marketplace requirements for goods and services. The S&OP brings together all the plans for the business (sales, marketing, development, manufacturing, sourcing, and financial) into one integrated set of plans. Key Takeaways: S&OP Process Overview Major Attributes of S&OP Conduct Demand Planning Develop Supply Forecasts Product & Service Development #SOP #SalesAndOperationsPlanning #SupplyChainManagement #DemandPlanning #SupplyPlanning #IntegratedPlanning #OperationsManagement #SupplyChainStrategy #BusinessExplained #LogisticsAndSupplyChain