Business planning
Description
Vocal Characteristics
Language
EnglishVoice Age
Young Adult (18-35)Accents
Indian (General)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
Hello friends today I would like to talk about integrated business planning. IBP. It is a process for translating desired business outcomes into financial and operational resource requirements with the overarching objective of maximising profit and or cash flow while minimizing risk the business outcomes on which I'm eating processes. Focus can be expressed in terms of the achievement of the following types of targets. Revenue on demand, service levels, inventively levels, profits and margins. Cash flow. Integrated business planning is often defined in different ways. One challenge and developing a common definition off IBP is that there is no universally agreed way of describing different degrees and forms of integrated processes, mature IBP processes and evil organizations to bring together different elements of planning into a single process. This includes, but is not limited to, the following supply and demand, finance and operations, functions and business processes, strategy outcomes and business processes, financial and nonfinancial measures, cash flow costs and revenues. The rule. Often IBP processes balance things different object stives anyway that achieves the best overall result. One way of accomplishing this is with prescriptive analytics. These students are often employed in these processes to mathematically optimize parts off a plan, a classic example off, which is inventor reinvestment the most Mitchell IBP processes Leverage Ivy Peter mathematically optimize all aspect. So for a plan, Component said it. Integrated business planning requires the following capabilities to be any boot. A enterprise model ability to create a demand chain model. Ability to create a supply chain model. Ability to create a finance train model. The integrated planning ability to create a plan across multiple functions. Ability to create predictive and collaborative plans. See enterprise optimization ability to create optimized plans across multiple constraints. Ability to create financial integration across optimization.