Jeremy Wiegman

The term, “Knowledge is Power”, coined by Francis Bacon, a 16th-century philosopher expresses the idea that knowledge isn’t only useful for informational purposes, but is also a key factor in influencing the decision-making process.  Therefore, decision-makers armed with the most relevant information presented at the appropriate time will be able to successfully guide and influence others.

One of the common challenges associated with running a business is having all the relevant information when it is needed.   Gathering pertinent information is often time-consuming and error-prone.  In addition, changes to the data set, which reflects the ever-changing business landscape, make recently gathered information outdated and obsolete.

Planet Together, an advanced planning and scheduling software can provide businesses with the knowledge that allows decision-makers to make informed decisions based on data, versus gut feel in real-time.  Planet Together links each scenario to a list of Key Point Indicators (KPI’s), which in turn can tell the user how many jobs are late or on time, how much setup time is being accumulated, what the differences are between Scenario 1 and Scenario 2, what the costs are looking like etc.  The KPI functionality within PT is a powerful tool to provide decision-makers with the necessary information to make the most effective and productive decisions for their organization.

In the simplified example below, a “what if” scenario was created as a duplicate of the main scenario.  Changes were made to the what-if scenario.  By looking at the graph which shows the results of both scenarios, we learn that scenario 1 results in fewer late jobs than scenario 2 as well as shorter average lead times.  We also can determine that scenario 1 has a slightly higher resource utilization rate than scenario 2.  The ability to perform this type of analysis quickly enables a company to make informed decisions based on data, that correlate with company goals and directives.  Planet Together provides standard KPI’s and can create custom KPIs based on individual company needs.

This feature is an empowering tool for decision-makers, giving them confidence in their decision-making processes. Truly, “knowledge is power” when applied correctly.

If this functionality is something that can help you drive business results, contact Scheduling Solutions, a full-service Planet Together implementation partner today for more information.

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