Top Three Reasons to Embrace an Integrated Business Planning Process
When you go beyond sales and operations planning (S&OP) to a higher level of coordination and efficiency across functions and planning horizons, you will have started an IBP revolution that will benefit your entire organization far into the future.
Thousands of companies of all size and types have reduced costs, improved service and gained a competitive advantage through sales and operations planning initiatives. But when companies reach a plateau in their S&OP process maturity, they face the risk of stalling business growth.
At this point it's important to embrace integrated business planning, which synchronizes strategic and operational planning.
Combining data from sales, marketing, production, procurement, transportation and finance, IBP creates one powerful decision framework for stakeholders by removing organizational and technology barriers and aligning and synchronizing plans across strategic and tactical time horizons.
Fundamentally, IBP distills complex, cumbersome and disconnected tasks into a single integrated process that streamlines and unites planning activities across the supply chain. IBP can drive greater incremental value for your business by:
- Enabling high quality business decisions that deliver more bang for the buck
- Encompassing todays multitude of functions, geographies, units, channels, etc.
- Enhancing the feasibility of long-range plans
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