Supply chain functions that more frequently perform supply chain execution planning experience better business outcomes.
According to APQC’s Open Standards Benchmarking® data in supply chain planning, supply chain functions with more frequent planning activities perform better in customer order cycle times, finished goods inventory turns, and cash-to-cash cycle time. Supply chain planning involves efforts to coordinate suppliers, manufacturers, distributors, and retailers to balance supply and demand in order to more efficiently meet customer requirements. Planning processes involve sales and operations planning, network optimization, and production scheduling. Execution planning helps an organization translate strategic plans into reality.