What is Enterprise Planning?
An enterprise planning system covers the methods of planning for the internal and external factors that affect an enterprise. More than that, it requires an organization inundated with the best practices that turn organizations into competitors. Enterprise planning systems address the resources that are available or not available to an enterprise and its ability to produce products or resources and/or provide services. It also considers those factors that will positively or negatively affect the firm's ability to run these actions.
Enterprise planning and budgeting go hand-in-hand as the wherewithal to execute plans will determine the success or failure of an enterprise strategy. In another light, expanding or limiting the budget for a particular operations aspect of the enterprise or an ongoing project in favor of another will signal changes to an enterprise's strategy. Hence, planning and budgeting are integral parts of any enterprise planning systems as these impact the strategic directions of the enterprise. Asponte can help plan your enterprise system.