As stakeholder and organisational demands mature, it is
imperative for business leaders to deliver best value, exceptional customer
service, and continuous growth.
Especially for food and beverage, FMCG, pharmaceutical,
manufacturing, retail, utilities companies, these demands accompany with ensuring
you have clear and collaborative processes and systems in place.
Integrated business planning (IBP) is industry’s best
practice model delivering a truly strategic perspective to better planning, innovation,
and sustained growth.
Oliver Wight, the global thought leaders on IBP, provide
this definition:
“Integrated Business Planning (IBP) is the business planning
process for the post-recession era, extending the principles of S&OP
throughout the supply chain, product and customer portfolios, customer demand
and strategic planning, to deliver one seamless management process.”
The biggest challenge for implementation of IBP is to
overcome the traditional functional silo operation styles within organisations
to integrate key areas of business. At the core of this transformation is
leadership and people.
Who play the central roles in successful IBP implementation?
There are huge implications for finance to be in the
collaboration of the C-Suite in integrated business planning. Financial
visibility is critical in determining the needs and constraints for operations
across functions and the impact of these on pivotal business strategies and
directions.
Though finance needs to have a central role, key areas
across the business – sales, marketing, product management, R&D demand,
supply, and strategy – all need to be involved to deliver a visible, single
business planning and forecasting model that aligns with organisational goals.
“In addition to providing substantial bottom-line benefits,
the IBP process ensures early focus on any potential gaps in business
performance – it allows organisations to predict and respond positively to
changing conditions, in plenty of time.”
Oliver Wight, the global thought leaders on IBP, mention the
key to success in implementing IBP:
- People are fundamental
- Education drives behavioural change
- Create internal experts within the company
- Develop multi-disciplined teams
- Consistent processes with clear responsibilities and accountabilities
- Deliver outstanding sustainable results through the integration of business processes and functions, and executive led and managed IBP
In a three day agenda developed in conjunction with Oliver
Wight, Akolade’s Integrated
Business Planning Summit 2016 provides the opportunity to hear cross sector
leaders share their experiences on how to best implement the process, align
planning across functions, and effectively allocate the critical resources to
deliver efficiency and profitability.
After finishing University with a degree in Business
Marketing, I decided to make a big jump across seas for the first time and move
from the east coast of America to Sydney, Australia. I landed my first job in a
sales position in the event industry and soon thereafter moved into a marketing
assistant role – following I had the pleasure of interviewing with Akolade which
got me to where I am today.
Akolade is a fun, innovative company that brings together
people from different walks of life to implement change. As the Marketing
Manager, I have the pleasure of wearing many hats which motivates me to succeed,
reach people in an array of avenues, grow our events to their full potential,
and raise our story. As for me, I am a kind dedicated woman who loves to work
hard, exercise, cook, be social and have some fun.
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