Why you should care about IBP

Integrated Business Planning or simply IBP has three main focus areas;
1. Enhancing the decision-making process
2. Linking Operations, Sales and Finance together
3. Agreeing on a clear set of rules and responsibilities across functions

[@Ahmed-urRahimZubair]

IBP aims to enhance decision-making by introducing a common language and a single set of numbers, linking operations, sales, and finance processes together to drive decisions towards profit maximization and risk minimization. Ensuring an ideal alignment between different business functions is crucial for steering a business effectively. IBP bridges long-term strategic decisions with operations, providing tools for structured business planning and forecasting to successfully implement in an organization. Well-functioning IBP processes enable timely decisions that allow businesses to seize opportunities and avoid unnecessary costs and risks in the face of unforeseen events or changes in consumer behavior or the competitive landscape.

[@Kranti27]

Integrated Business Planning (IBP) is a business process framework that helps companies align their strategic, financial, and operational plans across different functions. It aims to improve decision-making, optimize resource allocation, and enhance overall business performance.

[@ntcuong01ct1]

Dear Friends, I have many questions: 1/ IBP= S&OP + Financial Plan, right? 2/ The finance department creates a financial plan to reconcile what important information (KPIs) with the demand plan and supply plan ?, example: gross profit and net profit. 3/ In what cases, the demand plan must be adjusted according to the financial plan or supply plan ?. 4/ Inventory policy is agreed and set up by the sale + finance departments?

[@ntcuong01ct1]

1/ lBP link between balanced scorecard, strategy map and integrated business planning? 2/ S&OP focus optimize total supply chain cost, IBP focus optimize total cost của all departments of cty? 3/ IBP focus long-term financial plan, S&OP focus medium and short-term financial plan?

[@ntcuong01ct1]

Dear Friends, I have a question: Can I apply IBP for Capex planning?. Thanks.