How To Build An Integrated Business Planning Process
Why is it crucial to build an Integrated Business Planning process?
Integrated Business Planning (IBP) is an enhanced version of Sales and Operations Planning (S&OP) that offers improved cross-functional coordination with finance. IBP is a forward-looking mechanism that covers a 24 to 36-month horizon. Its primary aim is to align strategic and financial objectives with operational feasibility by reacting proactively and promptly to changing conditions. A well-executed IBP process minimizes volatility in plans, allowing businesses to stay on track with their strategic ambitions and make informed critical decisions that add value and increase profitability.
By embedding an effective IBP process, organizations can enjoy significant benefits throughout their supply chain. With fewer reactive and sub-optimal decisions to make, more time is available for informed critical decision-making that maximizes profitability.
The 5 Key Pillars To Build Integrated Business Plan (IBP)
How can FuturMaster help you build an Integrated Business Planning process?
FuturMaster streamlines the IBP process with a single planning system that combines data and AI capabilities for each step.
- Portfolio Review: AI and collaborative planning shape consensus on new product launches with ROI modelling for decision-making.
- Demand Review: Statistical forecasts enriched with business insights allow instant scenario modelling of their impact on supply and finance.
- Supply Review: Fully costed evaluations consider real supply constraints, automate sourcing decisions and focus on exceptional conflicts.
- Financial Review: Fully costed planning evaluates financial viability and alignment with long-term goals.
- Business Review: Visualisations enable data-driven decision-making based on stable planning models
Download this whitepaper and discover the 5 key pillars of building an IBP journey!
In this white paper, you will also learn:
- Who’s concerned by building an IBP process?
- How to build IBP? The journey towards IBP – The 5 Key Pillars
- How can FuturMaster help you build IBP?