The survey found that, on average, companies spend 41% of total planning time on data preparation, underlining the need for efficient tools and processes to streamline this process. — VNA/VNS
HO CHI MINH CITY: By investing in optimised supply chain planning, companies can maximise efficiency, minimise costs and deliver exceptional value to their customers, according to a survey by consulting firm CEL.
The specialist in demand and supply chain management in emerging markets conducted an industry survey on supply chain planning to uncover valuable insights and address the challenges faced by businesses in this critical area.
The results shed light on the current state of supply chain planning practices and provided a road map for organisations to enhance their planning capabilities.
The survey across industries and regions captured responses from supply chain professionals, decision makers and industry experts.
It found that, on average, companies spend 41% of total planning time on data preparation, underlining the need for efficient tools and processes to streamline this process.
When it comes to technology tools and platforms, 30% of companies use dedicated planning software, while 35% still rely on Excel spreadsheets, showing the importance of adopting advanced planning technologies to enhance accuracy, collaboration and overall planning effectiveness.
Over 44% of respondents identified demand unpredictability as the most challenging aspect of supply chain planning. This underscores the need for robust demand management practices and the incorporation of real-time data to improve forecasting accuracy.
Some 16.7% of companies do not integrate finance into their planning process, representing a missed opportunity to align financial goals and objectives with supply chain planning efforts.
In terms of satisfaction with planning tools, 67% expressed dissatisfaction with what they currently have, indicating significant room for improvement in technology solutions to meet the evolving needs of supply chain professionals. — Viet Nam News/ANN
