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Integrated Business Planning: A New Narrative for an Old Process

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  • Niels van Hove
  • Hein Regeer

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

Suggested Citation

  • Niels van Hove & Hein Regeer, 2021. "Integrated Business Planning: A New Narrative for an Old Process," Foresight: The International Journal of Applied Forecasting, International Institute of Forecasters, issue 63, pages 46-52, Q4.
    • Handle: RePEc:for:ijafaa:y:2021:i:63:p:46-52
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