Economic, political and environmental challenges combined with the growing complexity of global operations have made Integrated Business Planning (IBP) a top corporate priority.
Indeed, the potential is tremendous in the most volatile business climates – for this process which aligns sales, operations, finance and other functional areas of the organization into a single line of sight, from plan to performance to profit.
Internal alignment is just part of the IBP process to create company agility that can recognize, recalibrate and respond to changing conditions. It is equally critical, in the face of today’s highly outsourced and distributed supply chain, that businesses enable collaborative inputs from customers and suppliers in their planning process as well. According to leading research firm,
Gartner, the majority of large global manufacturers are looking to advance their current Sales & Operations Planning (S&OP) initiatives to also include a full view of the financial impacts of their supply and demand balancing options to inform better, more timely, strategic decisions.
This journey to true IBP, which will allow them to do strategic, bottom-line oriented “what if” scenario modeling, must be powered by process-enabling technology which can move at the pace of today’s global business environment. This white paper explores how innovative IBP technologies can help drive the right process and the best business value in an environment where volatility is the “new normal.”