Building Your Business Case for Integrated Business Planning
This paper explains why your business can afford to extend your S&OP principles and adopt Integrated Business Planning. It pulls research from; The Aberdeen Group, Hitachi Consulting and Gartner to where and how your business will benefit from the theory that every year becomes increasingly relevant, as technology continues to improve our ability to connect and leverage the volume of disparate data sources in the supply chain.
IBP: Global Collaboration at Work
Jump forward to the present day. Building a forecast is still the essence of sales and operations planning (S&OP). But today’s technology enables you to forecast, plan, and execute in new and better ways. You can now look beyond your local supply chain to work regionally and globally—engaging trade partners, suppliers, and customers.
This real-time collaboration is the essence of IBP.
With IBP, you’re no longer limited to an “as far as the eye can see” perspective. You now have a completely integrated view of your global supply chain. Led by senior management, IBP is a process in which your company evaluates and revises time-phased projections for demand, supply, product and portfolio changes, and strategic projects—and the financial plans that result. This analysis is performed at an aggregate level that is tailored to your business, typically over a 24-month or greater rolling planning horizon.