Top Three Reasons to Embrace an Integrated Business Planning Process
Top Three Reasons to Embrace an Integrated Business Planning Process

Top Three Reasons to Embrace an Integrated Business Planning Process

Integrated Business Planning (IBP) distills complex, cumbersome, and disconnected tasks into a single integrated process that streamlines and unites planning activities to produce better business decisions. Combining data from sales, marketing, production, procurement, transportation and finance, IBP creates one powerful planning framework by removing organizational and technology barriers and aligning and synchronizing plans across strategic and tactical time horizons. IBP drives incremental business value by:

  • Enabling high quality business decisions that deliver more “bang for the buck”
  • Encompassing today’s multitude of functions, geographies, units, channels, etc.
  • Enhancing the feasibility of long-range plans

Companies use integrated business planning platforms to perform robust product and portfolio reviews as well as enhanced modeling, simulation, and what-if scenarios. Management teams are better able to align and synchronize planning processes in one accessible shared environment that spans planning time horizons far into the future. Based on a common set of data, IBP encompasses multi-organization, multi-unit, and multi-national planning, while improving visibility to operational risks and raising the ability to mitigate those risks.