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Can they act on estimates? Can they take resources ( like gas, copper, electronics, etc... ) from one private company's storage and give it to other (more critical) company?

For example: take gas from paper-clip factory and give it to fertilizer factory?

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That's not what central planning ever did, either. They changed priorities and quotas instead. And even that system (soviet version) was very short-lived.

Governments these days use pricing, including special case pricing and tax breaks to achieve a similar thing even more roughly. Unless there are shortages, in which case they intervene directly.

So, what we have now is actually much less efficient.

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