Planning—Planning involves the process of collecting and organizing outcomes to:
– Justify process adjustments or improvements which until recently could be identified using specialized research techniques such as predictive modeling.
– Design a trading program predicated on certain conditions that trigger events.
– Encourage target purchase patterns while a buyer is researching products and services.
– Use location-based information in combination with other collected data to guide customer loyalty, route traffic,
identify new product demands, etc.
– Manage just-in-time (JIT) inventory based on seasonal or demand changes. For example, a manufacturing enterprise
may adjust production levels for a particular item after the part number is not ordered for two consecutive days.
– Manage operations of logistics and transportation firms based on real-time performance.
– Manage unplanned IT infrastructure and policy changes that disrupt the direction of IT support.