What Comes After Integrated Business Planning?

What Comes After Integrated Business Planning?

This IDC Market Perspective provides insights into the three developments in enterprise planning and execution that are setting the stage for what comes after integrated business planning (IBP). In detail:First: Enterprises have been on a maturity journey with integrated business planning. The end goal of IBP is to have all functional and subfunctional plans aligned to one enterprise plan.Second: Enterprises have been investing in tools to increase supply chain agility and visibility.Third: Tech suppliers and customers have been prioritizing advancements in big data analytics and AI and machine learning.The alignment of these three things — an integrated set of plans, the need for quicker responsiveness and visibility in the supply chain, and data integration and intelligence — could yield the next big development in integrated planning. It's likely what comes next is a tool to optimize across all plans (including executive scenario modeling and solvers) and real-time incorporation of feedback (both internal and external). This will require investments in technology, processes, and talent."The combination of maturing IBP processes, the need for advancements in agility and visibility, and investment in big data analytics and AI and machine learning is setting the stage for what comes after IBP," says Eric Thompson, research director, Global Supply Chain Planning, IDC.

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