By Lisa Anderson
According to FactSet Insight, revenue growth is predicted at 7.5 percent for 2022 which is substantial when considering it is following record-breaking growth in 2021. Clients and colleagues are seeing record increases in sales revenues and pricing. The companies that have product and can satisfy customer needs are continuing to grow faster than the average as they take market share from the competition, whereas the companies struggling and waiting for supply chain disruptions to ease are deteriorating. The strong are getting stronger, and the weak are getting weaker.
There are several operational and supply chain priorities required to be ready to absorb additional sales. A critical one is to have base planning and scheduling processes with an eye to collaborative and concurrent planning processes with programs such as SIOP/ S&OP (sales, inventory and operations planning), what-if scenario planning and advanced insights into down-the-line impacts. In essence, the best way to say “yes” to profitable revenue growth is to have the ability to rapidly assess capabilities and impacts and be assured of your ability to execute.