What is Integrated Business Planning (IBP)?
IBP is gaining a lot of traction as more companies look at maturing their sales and operations planning (S&OP) process. But what is it? Is it just an extension of S&OP? Another name for S&OP?
We recently announced the availability of Logility Voyager Integrated Business Planning and thought this would be a good a time as any to dig into this topic. The CliffsNotes version of IBP is the long-range strategic business planning that combines volumetric and financial data into a single, highly visual comprehensive planning platform that delivers greater global visibility, more powerful multi-scenario analysis over longer planning horizons, tighter collaborative workflow, and a wider spectrum of alerts.
Make no mistake: this is a new level of visualizing, evaluating and optimizing your supply chain. Sounds great but how does this impact my job? Is it for me and my company?
Well, yes for anyone who dreams of uniting their tactical S&OP with long-range strategic planning, at least. An SCM World survey (Future of Supply Chain Report) finds that companies “with an effective IBP technology platform are at least twice as likely to find every aspect of their supply chain planning more impactful.” Adopting a single flexible planning and decision support system that covers strategic and tactical horizons empowers near-term S&OP and long-range business planning in one integrated solution.
That brings us back to the new solution we announced and a few of the powers it can bring to your unified planning efforts: