Integrated Business Planning (IBP) solution leverages analytics and combines finance, marketing, sales and supply chain to address planning issues and opportunities in real time. Integrated Business Planning is a process that encompasses the entire supply chain, from raw materials to finished goods, to create a seamless, integrated business plan. This process includes forecasting demand, planning production and managing inventory levels to meet customer demand.
- Better Visibility - IBP allows companies to funnel supply chain projections, financial projects and strategic plans into one strategy.
- Greater Alignment - With visibility into all lines of business, decision-makers can agree on one plan and understand where they fit into it, driving the project focus. Balancing demand and supply, developing ‘what-if’ scenarios using real-time information, and embedded communication and analytics.
- More Accountability - Like visibility, accountability is a natural consequence of each department’s understanding of the plan and its role, tracking manufacturing deviations, failures, and other factors with an end-to-end chain of custody visibility.
- Better Decision Making - The structure of an IBP approach makes it simpler for companies to focus on making more informed decisions and reducing decision latency. Automated issue identification allows you to solve supply chain issues through collaborative workflows across multiple stakeholders.
- Delivers Results - IBP leaders consistently deliver top-line, bottom-line and customer service improvements. Increased visibility leads to developing a cost-effective supply chain strategy that ensures high customer service levels but minimizes costs.