Tactical planning is a phase in a company’s planning process that focuses on the medium-term implementation of strategic goals and guidelines. In contrast to long-term strategic planning, which defines goals and ways to achieve them, tactical planning deals with concrete actions and decisions that are typically implemented within a time frame of one to three years.
During this planning, managers and executives develop specific plans, strategies and programs to put the company’s strategic goals into practice. This often involves allocating resources, setting performance targets, organizing teams and departments, and setting budgets and timelines for various projects and initiatives. It forms the bridge between the long-term strategic direction of a company and the concrete operational activities at the level of day-to-day business processes and enables the strategic goals to be translated into concrete actions designed to promote the company’s success.
Typical elements of tactical planning include the development of marketing plans, sales strategies, production and procurement plans, human resource planning, budgeting and cost control. These plans are flexible enough to adapt to changing market conditions while aiming to support the company’s long-term strategic goals.
Operational planning with QVANTUM is the right tool to carry out this planning as efficiently as possible.