Tag: decision quality

decision intelligence, Leadership, S&OP

Key Elements of Decision Centricity in Effective IBP Processes

IBP and its predecessor S&OP were developed as executive decision-making forums. In support of effective decision making in the IBP process, we could expect many decision centric capabilities in an organization. But how decision centric is your S&OP/IBP process, your meetings, your organization? Any idea? To create some baseline insights, I developed an 11-question checklist to assess IBP decision centricity. Based on this checklist I … Continue reading Key Elements of Decision Centricity in Effective IBP Processes

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decision intelligence, S&OP

IBP decision centricity study: a lack of managing bias, speed, digitization, incentives & learning

IBP and its predecessor S&OP were developed as executive decision-making forums. In support of effective decision making in the IBP process, we could expect many decision centric capabilities in an organization. Improving IBP decision centricity results in improvements like: 👉 Increased decision speed 👉 Improved decision quality 👉 Reduced decision bias 👉 Less analytics waste 👉 Effective decision learning 👉 Improved engagement with decision process … Continue reading IBP decision centricity study: a lack of managing bias, speed, digitization, incentives & learning

Unknown's avatarNiels1 Comment
decision intelligence, Digital supply chain, S&OP

Decision Centric IBP is Becoming a Reality

A Vision coming to Life IBP decisions can be segmented by machine centric S&OE decisions and human centric IBP decisions. This new planning paradigm was suggested by my colleague Hein Regeer and I in a Foresight article in 2021 Our article was a continuation of my articles autonomous supply chain planning (2019) and Technology Support in Integrated Business Planning: Automation, Augmentation and Human Centricity (2021), where I lay out a … Continue reading Decision Centric IBP is Becoming a Reality

Unknown's avatarNiels1 Comment
decision intelligence, Digital supply chain

How to Overcome the Supply Chain Decision Gap

As John Lennon said, “Live is what happens while you’re busy making other plans”. Every supply chain plan or schedule meets variations or disruptions that require corrective decisions and actions. However, a gap remains between data, plans, insights and taking action to solve short and long term issues and grasp opportunities. I called this the “Decision Gap” in a recent webinar. A week later I … Continue reading How to Overcome the Supply Chain Decision Gap

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decision intelligence, Digital supply chain, S&OP

A Case for a More Decision Centric IBP

Although Integrated Business Planning (IBP) is designed to make high-impact business decisions, little attention has been given to the quality of decisions in an IBP cycle. In my latest Foresight article, I argue that to continuously learn from and improve IBP decisions, decision processes ought to be integrated with the traditional IBP process and supported by Decision Intelligence technology that goes beyond existing transactional and … Continue reading A Case for a More Decision Centric IBP

Unknown's avatarNiels1 Comment
decision intelligence

Don’t master AI. Be a Master of Your Business Process!

Seeing through the AI razzle dazzle Everything seems to be AI these days, which can become overwhelming when you have to think about how it can be used in your industry or business process. All whilst the market is screaming from all directions with their AI message. The AI razzle dazzle will continue. It will probably accelerate. Expect a ChatGPT every one or two years. … Continue reading Don’t master AI. Be a Master of Your Business Process!

Unknown's avatarNiels2 Comments
decision intelligence, Digital supply chain, S&OP

Intelligent IBP: A Need for Decision Centricity

At the core, the IBP process must facilitate executive decision making.

However, it lacks focus on using best practice decisions models to facilitate #decisionquality and #decisionlearning.

We can solve these traditional IBP decision gaps, enable a reduction in decision time and analytics waste, whilst increasing employee engagement with the decision process.

#Decisionintelligence technology can digitize decisions and decision context, create a system of records for decisions and develop a decision memory that helps continuously improve #decisionquality.

This is the fifth in a series of blogs, where I describe how #intelligentautomation and #decisionintelligence can help create a more #intelligentIBP and change the future of work. Continue reading Intelligent IBP: A Need for Decision Centricity

Unknown's avatarNiels5 Comments
decision intelligence, Digital supply chain

The Limitations of Forecasts and Plans on Decision Making

Forecasters and planners are involved in decision making, but make limited decisions with direct business impact themselves. A forecast is an insight or a foresight, a plan is an intent. A decision is only made when resources are irrevocably allocated to the execution of the decision. Without this, multiple forecast and planning options – as advanced as they may be – remain calculations, maybe insights … Continue reading The Limitations of Forecasts and Plans on Decision Making

Unknown's avatarNiels1 Comment
decision intelligence, Digital supply chain, S&OP

A New Approach to IBP Decisions during Crises

PREVIEW Niels van Hove writes that the limitations of the traditional Integrated Business Planning process are severely magnified during periods of significant disruption, which to many of us seems like the new normal. He argues that the standard meeting-and-decision schedule cannot provide timely strategic responses to disruption, as clearly evidenced by organizational steps during COVID. Instead, Niels offers a new tack centered on an IBP decision … Continue reading A New Approach to IBP Decisions during Crises

Unknown's avatarNiels3 Comments
decision intelligence, Digital supply chain

A Better Plan is not Necessarily a Better Decision

Some new language has been creeping in the planning vocabulary in the last year or two: planning & decision making. What used to be planning, or a planning system, is now sometimes referred to as planning & decision making. This is most likely influenced by the acknowledgement of a new category decision intelligence by Gartner, for which they provided a definition since 2022. I now … Continue reading A Better Plan is not Necessarily a Better Decision

Unknown's avatarNiels3 Comments