The manufacturing industry is one of the most automated. Robots roam the floors of plants and ERP systems have become indispensable. At the same time, finance and sales often still rely on Excel or isolated solutions for their planning. This results in lengthy processes, which often lead to plans that are already outdated by the time they are completed.
For reasons of time-consuming planning processes alone, it is difficult to think about quick adjustments. Unforeseen circumstances such as rapidly changing sales volumes or strong fluctuations in price should be best addressed immediately. Scenario models and analysis help to prepare for these situations and build resilience but are also time consuming in Excel. Increasing digitalization and globalization of markets, however, demands these capabilities. Factors such as manufacturing sites all over the world, different currencies, and different accounting standards further add complexity to planning.
Unified planning for all departments and functions fosters collaboration, increases data quality, and allows a wide range of scenarios to be run and reforecast at lightning speed. Automated planning also provides for automated currency conversions and transfer to different regional accounting standards for financial consolidation. With Jedox and a global network of more than 250 partners, you benefit from comprehensive expertise for industries such as automotive, machine and tool manufacturing, pharmaceuticals and many more.