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What is Integrated Business Planning (IBP)?

IBM Big Data Hub

A retail company experiences a sudden surge in online sales due to a viral social media campaign. Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity.

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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. We’ll start by going through what organizations should do prior to choosing an ERP system and then dive into best practices for implementation success.

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The future of business planning with generative AI?

IBM Big Data Hub

It empowers businesses in their sales planning, budgeting and forecasting processes.    What distinguishes autonomous business planning from traditional automation is its ability to provide augmented, predictive and prescriptive insights and automate tasks based on these insights. .

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How to build a successful product development strategy

IBM Big Data Hub

To remain competitive in today’s relentlessly paced and ever-expanding marketplace, companies must think carefully about what products they’re developing and how they’re developing them, continuously iterating their processes to maintain a competitive edge. Why is a strong product development strategy important?

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How IBM Planning Analytics can help fix your supply chain

IBM Big Data Hub

IBM Planning Analytics, or TM1 as it used to be known, has always been a powerful upgrade from spreadsheets for all kinds of planning and reporting use cases, including financial planning and analysis (FP&A), sales & operations planning (S&OP), and many aspects of supply chain planning (SCP).

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Retailers can tap into generative AI to enhance support for customers and employees

IBM Big Data Hub

In practice, this could mean guiding users to the appropriate resources, whether that’s connecting them with the right agent or directing them to user guides and FAQs. A recent forecast by the research analyst firm IHL Group predicts that generative AI will have a total financial impact of USD 9.2 trillion in that year.

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Don’t let bad data drag you down: A retailer’s guide

Collibra

This blog outlines what bad data means and how you can stop it from hurting your retail business. What is bad data in retail Bad data is data that is inaccurate, incomplete, inconsistent, old, or simply unsuitable for the planned use. What if an item code is blurred and your staff enters the code manually?

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