Integrated Business Planning IBP is known as the highest level of maturity of the S&OP (Advanced S&OP)
What is Integrated Business Planning?
IBP is a standardized, robust, efficient, and sustainable process designed to help business managers compare the current course of the business with targets.
IBP involve all planning areas of the organization to align strategy and operations with the financial business objectives.
IBP has a clear governance to identify risks and opportunities in all process stages.
IBP shows business planning impacts and supports discussions between all business functions towards alignment on actions to deliver top line results and create competitive gaps for the future.
What are the main benefits of the IBP?
Maximize sales and service level
Improve financial forecast accuracy of the business (P&L)
Optimize Working Capital (inventories)
Minimize destructions / bad goods / wastage in the value chain