Question: Sales and operations planning ( S&OP ) describes the process used to balance demand requirements and supply capabilities of the firm and its supply chain

Sales and operations planning (S&OP) describes the process used to balance demand requirements and supply capabilities of the firm and its supply chain partners. While S&OP itself is a process requiring functional coordination and integration, it requires information technology to evaluate the demand, supply, and resource trade-offs. This technology is generally characterized as planning and scheduling applications. Supply chain visibility and event management tracks shipments while they are in-transit and are increasingly capable of proactively suggesting changes in supply chain flows to minimize the potential of manufacturing shutdowns or service failures. Supply chain compliance systems monitor component and product flow information to make sure they comply with government and regulatory requirements for label, taxation, and security restrictions.
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