Executive Briefings

Mature Integrated Business Planning Processes Can Be Difficult to Set Up, But They're Worth It

Integrated business planning is a process that does exactly what its name implies-it brings together fragmented strands of strategic, financial and operational planning and performance management.

Establishing mature IBP processes can be difficult, especially for larger and more complex manufacturers. While many factors contribute to this difficulty, the primary one has been the absence of technologies that fully support it.

What’s changing is what's called IBP platforms—technologies that combine enterprise performance management and sales and operations planning to provide incremental capabilities that neither provides individually. In so doing, IBP platforms address long-standing challenges that financial and operational professionals have struggled to overcome. The result: opportunities for step change improvements to how manufacturers plan, manage and govern their business.

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Establishing mature IBP processes can be difficult, especially for larger and more complex manufacturers. While many factors contribute to this difficulty, the primary one has been the absence of technologies that fully support it.

What’s changing is what's called IBP platforms—technologies that combine enterprise performance management and sales and operations planning to provide incremental capabilities that neither provides individually. In so doing, IBP platforms address long-standing challenges that financial and operational professionals have struggled to overcome. The result: opportunities for step change improvements to how manufacturers plan, manage and govern their business.

Read Full Article