Software for Integrated Business Planning
Translating strategically defined goals into operational action: That is the goal of Integrated Business Planning. To achieve this, it integrates the processes for demand, stockpiling and financial planning in order to define a common plan for all functional areas within a company. The synchronization of commercial, financial and procurement plans supports the achievement of set targets. Specialized software facilitates supply chain planning and prevents missing information or unstructured communication. REMIRA offers you an appropriate solution for this approach.
What does software for IBP do?
Integrated Business Planning (IBP) software is a powerful tool to help companies successfully plan and achieve their business goals. It provides companies with a comprehensive tool to effectively plan resources, reduce costs and increase sales. With IBP, companies can simplify their planning processes and react more quickly to changes in the economy. The software therefore represents the interface between strategic management decisions and operational activities and supports companies in improving their supply chain management through clear planning and control.
Integrated corporate planning is the further development of the Sales & Operations approach, which is aimed at effective decision-making. It makes it possible to plan and manage the entire company over a period of 24 to 36 months. At each defined point in time, strategic and tactical plans can be aligned and critical resources such as employees, equipment, inventory, materials, time and money can be allocated to achieve competitive advantages and sustainably increase customer satisfaction.
Differentiation from Sales & Operations Planning
Integrated business planning and S&OP have some overlaps. These include, for example
- Rolling process
- Interdisciplinary approach
- Driven by the business strategy
- Tactical planning at an aggregated level
However, IBP offers additional functions for sales and operational planning:
- Financial function
- Integration of financial planning cycle such as financial budget and forecast
- From volume planning to volume and value planning
- It drives overall business performance.
What are the benefits of IBP software?
Integrated Business Planning is a systematic, strategic and process-oriented method that aims to meet the needs of the company. To achieve this goal, Integrated Business Planning software can be a valuable support. It offers many benefits, including increased efficiency, better information transfer and improved record keeping. This can lead to improved business operations and more effective performance. Integrated Business Planning software also provides quick and easy access to key data and cost forecasts. This allows companies to make better strategic decision making to drive their business forward. In addition, Integrated Business Planning software solutions can improve communication between different departments and lead to an improved exchange of information. This, in turn, can help the company achieve its goals more efficiently.
Further advantages at a glance
- React faster and more flexibly to market changes
- Harmonization and adaptation of business processes
- Successfully translate strategic vision into operations
- Standardized definition of important corporate goals and key figures
- Improve customer service and market performance
- Fast and coordinated decision-making
- Transparency regarding demand, inventories and capacities along the supply chain
Integrated business planning for a high-performance supply chain
Excel spreadsheets for supply chain planning are outdated and involve high risks. An IBP solution, on the other hand, makes it possible to monitor the entire company in real time, identify trends and achieve results that are aligned with the company's goals. A strategic goal, for example to achieve 10% more sales with a certain product, can be transferred to the operational business with the help of IBP software. The processes in the supply chain become transparent - in the event of disruptions, it is possible to react in good time. Simulations help to run through "what-if situations" and to consider and analyze possible outcomes. Numerous upcoming consumption and replenishment events are also taken into account.
What functions does IBP software need?
The requirements for an IBP software solution can vary depending on the industry and company. Cloud-based IBP software gives you a much higher level of control and efficiency by optimizing and accelerating planning processes.
- Realistic mapping of flexible planning approaches such as customers, countries, sales channels and product groups
- Intuitive evaluations using KPIs to record operational efficiency
- Management-by-exceptions through valid news reporters to avoid critical stock situations (out-of-stock, overstock, etc.)
- Sales forecasting based on historical sales figures using algorithms and AI
- Intelligent learning production planning taking capacity restrictions into account
- Inventory optimization through individually calculated production and order quantities
- Multi-echelon optimization across all warehouse locations
- Optimized order, production and stock transfer proposals for the ERP system
- Event simulation through integrated scenario planning
Are you interested in holistic planning of your business processes?
The optimization and seamless integration of all processes within your company are crucial to your success. We understand this and offer you customized solutions that are precisely tailored to your needs.Find out now about our integrated business planning and S&OP software solution.