ENHANCED BUSINESS PLANNING AND OPERATIONS MANAGEMENT SYSTEM
In one embodiment, the method includes receiving one or more criteria defined as a planning trigger. In a further aspect, the method includes mapping the one or more criteria to a corresponding action plan. In response to recording criterion defined as a planning trigger, an action plan corresponding to the recorded criterion is invoked. Further, the method includes communicating the action plan to a selected set of contributors. Further, the method involves, receiving data specified in the action plan from the set of contributors and consolidating the business data received from the one or more contributors. In a further aspect, the method involves, extrapolating the received business data for generating extrapolated business data for one or more prognostic scenarios for facilitating business planning and operations.
1 . A computer implemented method for facilitating business planning and operations in an integrated system, the method comprising:
receiving one or more criteria defined as a planning trigger;
mapping the one or more criteria to an action plan, wherein the action plan specifies business data required for business planning and identifies one or more contributors of the business data;
actuating the planning trigger in response to recording at least one criterion of the one or more criteria in the integrated system;
a processor of the computer, invoking the action plan corresponding to the at least one criterion, in response to the actuation of the planning trigger;
the processor, notifying the invoked action plan to the one or more contributors identified in the action plan;
the processor, receiving business data specified in the action plan from the one or more contributors, wherein the business data pertains to current business operations; and
the processor, extrapolating the received business data to determine extrapolated business data for one or more prognostic scenarios.
2 . The method of claim 1 , wherein the prognostic scenarios are defined based on the recorded at least one criterion.
3 . The method of claim 1 , further comprising proposing an optimal consensus plan based on applying heuristic algorithms to the received business data, wherein the optimal consensus plan aligns with business objectives recorded in the system.
4 . The method of claim 1 , wherein the one or more criteria include at least one of: a scheduled business operations review, strategy planning, business report review, goal setting meeting, inventory control, production control, supplier evaluation, material requirements planning, marketing promotions planning, demand forecast, sales forecast, revenue planning, resources planning, financial forecast, and socio-economic developments.
5 . The method of claim 1 , wherein mapping the one or more criteria to an action plan comprises assigning a customized plan of action to each of the one or more criteria.
6 . The method of claim 5 , wherein the customized action plan comprises attributes specific to each of the one or more contributors, wherein the customized action plan includes one or more of: a list of contributors of business data and associated roles, particulars of business data required from each of the contributors, a defined format for rendering business data, a defined timeline for providing business data by the contributors, and a meeting agenda.
7 . The method of claim 1 , wherein notifying the invoked action plan to one or more contributors identified in the action plan comprises electronically communicating the invoked action plan to one or more contributors specified in the invoked action plan.
8 . The method of claim 1 , wherein the action plan includes instructions comprising a set of parameters mapped to a business operation pertaining to the one or more contributors.
9 . The method of claim 1 , wherein receiving business data specified in the invoked action plan from the one or more contributors comprises receiving data relating to business transactions associated with a business operation pertaining to each of the one or more contributors.
10 . The method of claim 1 , further comprising reformatting the business data received from the one or more contributors into a standard format and consolidating the reformatted business data.
11 . The method of claim 1 , wherein extrapolating the received business data to determine extrapolated business data for one or more prognostic scenarios comprises estimating a set of values for the one or more prognostic scenarios based on the received business data and historical data.
12 . The method of claim 1 , wherein the one or more prognostic scenarios include an optimistic scenario, a pessimistic scenario, a realistic scenario, a best case scenario, and a worst case scenario, relative to the recorded at least one criterion.
13 . The method of claim 1 , wherein notifying the invoked action plan to one or more contributors comprises sending a customized business information collection template for receiving business information to the one or more contributors.
14 . An article of manufacture, comprising:
a non-transitory computer readable storage medium having instructions which when executed by a computer causes the computer to:
receive one or more criteria defined as a planning trigger;
map the one or more criteria to an action plan, wherein the action plan specifies business data required for business planning and identifies one or more contributors of the business data;
actuate the planning trigger in response to recording at least one criterion of the one or more criteria in the integrated system;
invoke the action plan corresponding to the at least one criterion, in response to the actuation of the planning trigger;
notify the invoked action plan to the one or more contributors identified in the action plan;
receive business data specified in the action plan from the one or more contributors, wherein the business data pertains to current business operations; and
extrapolate the received business data to determine extrapolated business data for one or more prognostic scenarios.
15 . The article of manufacture in claim 14 , wherein the invoked action plan comprises attributes customized according to the one or more contributors.
16 . The article of manufacture in claim 14 , wherein the one or more prognostic scenarios are defined based on the at least one criterion.
17 . An integrated system operating in a communication network, the system comprising:
one or more data source systems; and
a computer communicatively coupled to the data source systems, comprising a memory to store a program code, and a processor to execute the program code to:
receive one or more criteria defined as a planning trigger;
map the one or more criteria to an action plan, wherein the action plan specifies business data required for business planning and identifies one or more contributors of the business data;
actuate the planning trigger in response to recording at least one criterion of the one or more criteria in the integrated system;
invoke the action plan corresponding to the at least one criterion, in response to the actuation of the planning trigger;
notify the invoked action plan to the one or more contributors identified in the action plan;
receive business data specified in the action plan from the one or more contributors, wherein the business data pertains to current business operations; and
extrapolate the received business data to determine extrapolated business data for one or more prognostic scenarios.
18 . The system of claim 17 , wherein the one or more contributors include automated database systems, business personnel, subject matter experts, and data entry personnel.
19 . The system of claim 17 , wherein the integrated system is an Enterprise Resource Planning (ERP) system having one or more business modules integrated over the communication network.
20 . The system of claim 17 , wherein the one or more data source system includes at least one of a web service, a data warehouse, an integrated ERP system, external feed from market research systems, and external news feeds.