Integrated Business Planning: A New Narrative for an Old Process

Niels van Hove and Hein Regeer

Foresight: The International Journal of Applied Forecasting, 2021, issue 63, 46-52

Abstract: Integrated Business Planning (IBP) has been a valuable business process since its incarnation as Sales & Operations Planning in the mid-1980s. The monthly cycle of S&OP meetings have been the forum in which a firm's forecasts have been presented and reconciled across functional areas. Authors Niels van Hove and Hein Regeer explain that while planning and forecasting technologies have benefitted from significant innovations since then, today's IBP seems unhinged from the day-to-day operations of the business. They call for a reinvention of traditional IBP that more fully integrates its governing meetings and reporting into operations, enabling faster decision making, better responsiveness to disruption, and liberation for planners to work on more strategic issues. Copyright International Institute of Forecasters, 2021

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:for:ijafaa:y:2021:i:63:p:46-52

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