Steering Thai organisations through economic challenges with agility
In response to the current economic challenges in Thailand, organisations are facing daily battles for survival amidst downturns and global market volatility. With a bleak economic forecast ahead, the uphill struggle can feel daunting.
However, amid these challenges, forward-thinking organisations have opportunities to innovate and adapt. By strategically embracing digital tools that offer real-time insights and flexibility, they can position themselves to thrive in these turbulent times.
Revolutionising your business strategy with dynamic planning software
As the business landscape in Thailand continues to evolve, strategic business planning becomes the linchpin for gaining a competitive edge. By methodically charting goals, strategies, and contingencies, enterprises can proactively navigate the unpredictable currents of the market.
In this landscape, technology emerges as a formidable ally. Many businesses can attest that crafting a good business plan not only demands high-quality data but also significant time investment—a luxury often in short supply due to hectic schedules.
Furthermore, the transformative capabilities of AI and machine learning enable businesses to anticipate trends, efficiently allocate resources, and decipher consumer preferences with remarkable accuracy. Leveraging these technologies, organisations can streamline their planning processes and make more informed decisions in an increasingly complex business environment.
By seamlessly integrating these as part of their digital transformation, organisations gain the agility to swiftly respond to market shifts and capitalise on emerging opportunities. This data-driven approach not only bolsters resilience but also fosters a culture of innovation, positioning companies at the forefront of their industries.
With Workday AI built into the core, Workday Adaptive Planning is a powerful tool that helps organisations navigate critical issues in their enterprise-wide business planning. The platform provides access to real-time data on performance metrics and key performance indicators (KPIs), allowing leaders to make quick, informed decisions when needed. By leveraging Workday AI, organisations can swiftly detect anomalies and shift from reactive to proactive decision-making. This ensures they remain flexible and resilient in the face of changing circumstances, providing them with the competitive edge they need to succeed in today's fast-paced and ever-evolving market.
Faster integrations for increased business agility
In today's digital-first economy, being agile and adaptable is an increasingly vital competitive advantage. Mondelēz International, a global organisation known for beloved brands like Oreo, Ritz, Cadbury Dairy Milk, Toblerone, and Halls, has been leveraging Workday Adaptive Planning to foster greater operational agility and drive operational efficiency within their business.
In Thailand, where Mondelēz employs approximately 200 people that have office-based roles, the company has enhanced business agility and unlocked efficiencies in headcount planning, scenario modelling, budgeting, and variance analysis through Workday Adaptive Planning. This has led to better process integration between HR and Finance, resulting in positive outcomes.
For example, Mondelēz leveraged real-time recalculations and updates based on information from the Workday Human Capital Management platform, including employee master data. This in turn increased operations efficiency, allowing the global snack company to reduce their global planning cycle by a month, with similar results happening in Thailand too.
Before deploying Workday, Mondelēz faced challenges with multiple differing business processes and limited granularity in their legacy systems. Now, the company benefits from streamlined operations and enhanced efficiencies in managing its people and finances.
While economic uncertainties will continue to affect the economies of the world, the opportunities for embracing technological solutions abound. Workday Adaptive Planning offers a practical approach, empowering organisations with real-time insights and proactive decision-making tools. By integrating Workday AI and machine learning, they are able to navigate the unpredictable business landscape with agility, ensuring resilience and competitiveness in the evolving Thai market.
Learn more about how Workday Adaptive Planning can enhance your organisation’s agility today.
