The important of different types of planning in supply chain management are mentioned below:  

(i) Improved Efficiency: Having the capacity to incorporate supply chains, innovative product strategy and integrated logistics put you in a position to predict demand and make appropriate actions. Without a doubt, this is one of the greatest benefits of supply chain planning. This is because when a solid supply chain plan is in place, it will be well positioned to adjust dynamically to fluctuations in demand, emerging markets and the short life cycles of certain products.

(ii) Increase Output: Improvements in the supply chain can also lead to improvements in communication. It leads to optimised coordination and collaboration with companies that handle shipping and transporting, as well as vendors and suppliers.

(iii) Better Cooperation: The most successful businesses often have superior communication as a fundamental feature. In fact, when communication is lacking, your vendors, distributors and employees will struggle to have an idea of what your plans are. Supply chain planning will yield the huge benefit of improved cooperation between different entities. Furthermore, when you open your doors to new technology like supply chain management software, you can take advantage of not even having to be in the same location with people to communicate and collaborate effectively. Through improved communication between different areas of your business, you will have quicker access to accurate forecasts, reports, quotes, statuses and many other plans.

(iv) Increased Profits: When you open up your business to state-of-the-art technologies and better collaboration between different business areas, it will

improve efficiency and productivity, therefore leading to increases in your business profit level in the long-run.

(v) Eliminate Delays: Through well planned and executed communication, companies can reduce or eliminate delays in supply chain processes. With everyone more aware of their role in the business, and what others are doing, issues like late shipments, logistical errors and hold-ups on the production lines can be avoided.