If the last year taught us anything, it's that business disruptions are the norm, not the exception. In supply chains alone, companies around the world continue to face disruption due to weather events, sudden shifts in demand, workforce and material shortages, and even a ship stuck in the Suez Canal.
To identify potential disruptions early and head them off, you need visibility into potential problems throughout the enterprise. Integrated business planning and execution (IBPX) provides the decision support that helps leaders act quickly on real-time information and stay ahead of disruptions. Traditionally, however, pulling all this together has been painfully slow.
Moving operations to cloud applications is an important step toward IBPX. The cloud lets you take advantage of more frequent updates in functionality and innovations. Internet of Things (IoT), artificial intelligence (AI), machine learning, and advanced analytics provide deep, real-time insights into your operations. You can quickly model the financial impact of changes to your supply chain and adjust course as needed-driving faster decision-making with better data.