{"id":1221,"date":"2011-06-01T11:07:15","date_gmt":"2011-06-01T15:07:15","guid":{"rendered":"https:\/\/demand-planning.com\/?p=1221"},"modified":"2011-06-01T11:07:15","modified_gmt":"2011-06-01T15:07:15","slug":"five-suggestions-for-effective-executive-sop-meetings","status":"publish","type":"post","link":"https:\/\/demand-planning.com\/2011\/06\/01\/five-suggestions-for-effective-executive-sop-meetings\/","title":{"rendered":"5 Suggestions For Effective Executive S&amp;OP Meetings"},"content":{"rendered":"<div id=\"attachment_1222\" style=\"width: 137px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/demand-planning.com\/wp-content\/uploads\/2011\/06\/Eric-Tinker-Nexview-Consulting.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1222\" class=\"size-full wp-image-1222\" title=\"Eric Tinker - Nexview Consulting\" src=\"https:\/\/demand-planning.com\/wp-content\/uploads\/2011\/06\/Eric-Tinker-Nexview-Consulting.jpg\" alt=\"Eric Tinker - Nexview Consulting\" width=\"127\" height=\"188\" \/><\/a><p id=\"caption-attachment-1222\" class=\"wp-caption-text\">Eric Tinker &#8211; Nexview Consulting<\/p><\/div>\n<p>The Executive S&amp;OP Meeting is the culminating meeting in the <a href=\"http:\/\/ibf.org\/conferences.cfm?fuseaction=conferenceDetail&amp;conID=314\">S&amp;OP process<\/a> that is often preceded by a Portfolio Review, Demand Consensus, Supply Consensus, and Pre-S&amp;OP meetings. It\u2019s the S&amp;OP meeting, led by the company\u2019s, or <a href=\"http:\/\/plancast.com\/p\/4tr7\">business unit\u2019s senior executive<\/a>.<\/p>\n<p>The Executive S&amp;OP Meeting is where the management team:<\/p>\n<ul>\n<li>Confirms the summary level operating and financial plan<\/li>\n<li>Makes executive level decisions on items that have been escalated to them<\/li>\n<li>Manages summary level KPI performance<strong><br \/>\n<\/strong><\/li>\n<\/ul>\n<p>While the Executive S&amp;OP Sponsor should provide guidance to make things work well at this level, here are five suggestions to consider as well.<\/p>\n<h2><strong>1. Integrate the Executive S&amp;OP Meeting with the Executive Management Meeting Structure <\/strong><\/h2>\n<p>Most <a href=\"http:\/\/plancast.com\/p\/4tr7\">executive teams<\/a> have a well-defined system of meetings and business reviews as part of their annual calendar. Adding another monthly meeting to an already packed executive life and travel schedule across multiple geographies and time zones will often not be popular. I suggest you make the Executive S&amp;OP Meeting part of the agenda for an already existing monthly meeting. The hitch can sometimes be that the timing of this meeting doesn&#8217;t fit into the S&amp;OP calendar flow. Work with your sponsor to move the meeting a week forward or back if possible. If that is not possible or doesn&#8217;t help, then you will have to work out some trade-offs where schedules are concerned so that the information can be reviewed in a timely manner, or possibly schedule \u00a0a separate meeting.<\/p>\n<h2><strong>2. Make Sure the Reports and KPIs Are At The Right Level<\/strong><\/h2>\n<p>The Executive S&amp;OP report (i.e. Executive or Company Operating Plan) and KPIs used in this meeting should be at a higher level than those used in Pre-S&amp;OP.\u00a0 For example, in Pre-S&amp;OP you\u2019re usually examining the product family levels for a business unit. In the <a href=\"http:\/\/ibf.org\/conferences.cfm?fuseaction=conferenceDetail&amp;conID=314\">Executive S&amp;OP meeting<\/a> it\u2019s one level up, meaning at the business unit, geography, or company level. The level should match the P&amp;L level they are already looking at. You can bring exception-based supporting detail to cover a particular agenda item as required.<br \/>\n[bar group=&#8221;content&#8221;]<\/p>\n<h2><strong>3. Set a Dollar\/Currency Level for Exception Items That Go to This Group<\/strong><\/h2>\n<p>This can be an effective objective guideline to help define what needs to go to the Executive S&amp;OP \u00a0meeting. In some organizations where the accountability definition is shaky this can be a challenge initially.\u00a0 But, I would suggest that you strive to get there over a few months. Exception items that should be discussed for this group are typically big dollar items like capacity decisions, large inventory write downs, <a href=\"http:\/\/ibf.org\/index.cfm?fuseaction=showObjects&amp;objectTypeID=25\">significant labor decisions<\/a>, significant allocations across business units, significant decisions involving third party partners, and risk management involving large dollars.<\/p>\n<h2><strong>4. Ensure the Executive KPI Scorecard Balances Operational and Financial KPIs<\/strong><\/h2>\n<p>It is still very common for <a href=\"http:\/\/plancast.com\/p\/4tr7\">executive teams<\/a> to not have an executive level KPI scorecard that balances operational and financial KPIs. Executive S&amp;OP is a great way to fix this and gain support for the overall process. A good scorecard will highlight the results that S&amp;OP generates. Plus, even if you\u2019re fortunate enough to not have these executive exceptions to discuss each month, the management team still need to manage KPIs. Similar to reports, KPIs are at the business unit and company level here.<\/p>\n<h2><strong>5. Prepare and Facilitate Well<\/strong><\/h2>\n<p>Most importantly, preparation for this meeting is key. The <a href=\"http:\/\/ibf.org\/conferences.cfm?fuseaction=conferenceDetail&amp;conID=314\">S&amp;OP process <\/a>leader does the leg work to coordinate the various parties in order to gain support and foster the development and recommended paths \u00a0to solving issues coming into this meeting. This means pre-presenting to key executive team members, getting their informal opinions, and defining the next level down team\u2019s recommendation that has dollar implications quantified. While your executive leader presides over the meeting, it\u2019s your S&amp;OP process leader who will typically frame the S&amp;OP issues and facilitate discussion in an efficient manner.<\/p>\n<p>The executive level component of S&amp;OP is a critical one. Please feel free to comment on what has worked in your own organization.<\/p>\n<p>Eric J. Tinker<br \/>\nPrincipal<br \/>\nNexview Consulting, LLC<\/p>\n<p style=\"text-align: center;\">\n","protected":false},"excerpt":{"rendered":"<p>The Executive S&amp;OP Meeting is the culminating meeting in the S&amp;OP process that is often preceded by a Portfolio Review, Demand Consensus, Supply Consensus, and Pre-S&amp;OP meetings. It\u2019s the S&amp;OP meeting, led by the company\u2019s, or business unit\u2019s senior executive. The Executive S&amp;OP Meeting is where the management team: Confirms the summary level operating and [&hellip;]<\/p>\n","protected":false},"author":61,"featured_media":3841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[82,226,60,61,62,41,64,65,66,34,67,39,68,69,35,42,43,44,36,48,81,73,74,38],"class_list":{"0":"post-1221","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-forecasting-and-planning","8":"tag-apics","9":"tag-best-of-the-best-sales-operations-conference","10":"tag-best-practices","11":"tag-business-forecasting","12":"tag-collaborative-forecasting","13":"tag-data-cleansing","14":"tag-demand-forecast","15":"tag-demand-forecasting","16":"tag-demand-management","17":"tag-demand-planning","18":"tag-demand-planning-and-forecasting-conference","19":"tag-economic-forecasting","20":"tag-executive-sop","21":"tag-forecast-accuracy","22":"tag-forecasting","23":"tag-forecasting-metrics","24":"tag-forecasting-models","25":"tag-forecasting-system","26":"tag-ibf","27":"tag-institute-of-business-forecasting-and-planning","28":"tag-inventory-management","29":"tag-sales-operations-planning","30":"tag-sales-forecasting","31":"tag-supply-chain"},"_links":{"self":[{"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/posts\/1221"}],"collection":[{"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/comments?post=1221"}],"version-history":[{"count":0,"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/posts\/1221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/media\/3841"}],"wp:attachment":[{"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/media?parent=1221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/categories?post=1221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demand-planning.com\/wp-json\/wp\/v2\/tags?post=1221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}