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What is Integrated Business Planning (IBP)?

IBM Big Data Hub

Similarly, in the business world, when decision-making happens in silos and planning processes are disconnected, it’s like having a group of individuals playing their own instruments without any coordination. A retail company experiences a sudden surge in online sales due to a viral social media campaign.

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How to implement enterprise resource planning (ERP)

IBM Big Data Hub

Once your business has decided to switch to an enterprise resource planning (ERP) software system, the next step is to implement ERP. Steps to implement ERP Below is a breakdown of a step-by-step ERP implementation plan. Areas to assess can include, financial, manufacturing, inventory, sales and more.

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Streamlining supply chain management: Strategies for the future

IBM Big Data Hub

The challenges continue: one 2023 survey found 44% of companies had to make changes in the past year due to issues with their supply chain footprint, and 49% said supply chain disruptions had caused planning problems. To mitigate these risks , companies need the resources and technology to develop robust contingency plans.

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How to build a successful product development strategy

IBM Big Data Hub

Planning Once the idea has been validated, the planning stage of the new product development process begins. This will likely involve collaboration between the product design team, project management, sales, and other departments as the business creates a detailed roadmap for how the new product will be built and deployed.

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Financial planning & budgeting: Navigating the Budgeting Paradox

IBM Big Data Hub

Budgeting, an essential pillar of financial planning for organizations, often presents a unique dilemma known as the “Budgeting Paradox.” When the market changes or a new opportunity comes up, businesses need the flexibility to adjust their financial plans quickly. Unanticipated risks Good budgeting plans for risks.

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6 Ways to elevate the Salesforce experience for your users

IBM Big Data Hub

Whether using Experience Cloud, Sales Cloud, or Service Cloud, your Salesforce user experience should be seamless, personalized and hyper-relevant, reflecting all the right context behind every interaction. Keep your audience informed and engaged with virtual and in-person events and targeted news, blogs or other articles.

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GKN Aerospace — Journey to integrated business planning

IBM Big Data Hub

Expanding for growth What started as site-level planning gradually transformed into a comprehensive initiative to standardize processes and reporting across multiple sites and business lines. What departments are Planning Analytics used for? This integration helps streamline operations and enables data-driven decision-making.