Click here to read blog one in the 3-blog series: “Why You Need Integrated Supply Chain Planning Now More Than Ever.”
Effective, regular scenario planning is essential for managing risk and contingency in your organization. It is also a necessity in today’s dynamic business environment. IBPX is a powerful mechanism for driving the business towards its strategic goals. Think of it as a corporate planning hub.
On the left side of this diagram, you can see the number of departments involved in the strategic plan. These plans run through various time horizons based on the department representing their portion of the plan. Finance may introduce the plan with its strategic revenue goals for the organization. Sales and operations planning needs to digest the revenue goal and how that translates to their departments, how many people, locations, products, resources, hours, and more.
If you were to have a complete corporate planning hub that integrates business planning, what business events would it support and address?
Typical business benefits of Integrated Business Planning
- Stabilizes Market Uncertainty
- Avoids Missed Opportunity
- Addresses Margin Erosion
- Aligns Budget to Demand
- Maintains Acceptable Customer Service Levels
Oracle’s Integrated Business Planning and Execution solution can help companies adapt quickly to demand changes by adjusting production, distribution, and procurement.
The transformation journey can be complicated and can present challenges, but not with Infovity by your side. Follow us in our journey to drive planning excellence for future manufacturing leaders!