“The creation of something new is not accomplished by the intellect but by the play instinct.” Carl Jung
Last week’s iBsing pioneers call was an insightful experience as we explored the ” 𝓻𝓲𝓿𝓮𝓻 𝓸𝓯 𝓭𝓮𝓶𝓪𝓷𝓭 ” within different companies in three breakout groups. The playful exercise yielded amazing insights in less than half an hour.
We began by discussing the 5 main input streams: marketing information, data from clients, sales pipeline, market data, and sales history. However, the 𝓯𝓵𝓸𝔀 of information is often disrupted by some 𝓻𝓸𝓬𝓴𝓼, such as missing data, biased assumptions, limited access to sample data, and inadequate outlier correction.
To consolidate all this input from 15 markets, we use a huge 𝓜𝓞𝓝𝓢𝓣𝓔𝓡 – 𝓔𝓧𝓒𝓔𝓛! Unfortunately, the company strategy is hidden behind the 𝓬𝓵𝓸𝓾𝓭𝓼, and the IBP 𝓵𝓲𝓰𝓱𝓽𝓱𝓸𝓾𝓼𝓮 that should provide direction is sometimes covered by 𝓯𝓸𝓰 due to a lack of transparency, data insights, and users still stuck using Excel.
All departments face 𝓱𝓮𝓪𝓭𝔀𝓲𝓷𝓭𝓼 when companies invest only in software without adapting decision-making processes and upskilling their workforce. The Master data 𝓼𝓪𝓷𝓭𝓫𝓪𝓷𝓴 is where every 𝓼𝓱𝓲𝓹 gets stuck in static planning with master data such as still operating with static supplier lead times.
Consolidated numbers are essential to making decisions in business commitments, customer segmentation, capacity planning, inventory management, warehouse planning, capex, project management resource planning, and net requirement planning.
A big thank you to Nicole Miara for facilitating this creative exercise and to all participants for the brilliant exchange of insights!