ABC Analysis can be put into practise for any business in any industry
It is virtually impossible to run a business without having some sort of priority-setting mechanism
Manufacturing companies can learn a lot from these examples of successful non-manufacturing IBP implementations, and turn previous weaknesses into strengths by re-examining their own IBP process, beginning with the very next cycle.
“Today, the most successful businesses are typically planning 24-36 months ahead. Anything less than 24 months doesn’t allow the organisation to identify and respond to performance gaps soon enough, which leads to continual firefighting.”
“Future success ultimately boils down to the health of your business and its core processes. The Oliver Wight Health Check provides practical, useful advice to help an organisation improve its core processes, not just supply chain, but demand and product management too.”
Integrated Business Planning provides the perfect platform for innovation, and it creates opportunities for organisations to drive sales up and costs down.
Without the successful deployment of Integrated Tactical Planning, it is inevitable senior managers will be drawn into spending their day-to-day problem solving, rather than longer-term decision-making
“For a business to be successful and sustain their success they need to start by making changes through the proper application of mind-set and behavioural techniques.”
There is a tendency for an over-dependency on computer-generated forecasts, but without the intelligence, the forecast is just a number. Based on algorithms, forecasting tools take elements of history to fit out a projection of the future, but history doesn’t always repeat itself. Knowledge and processes must be in place before the right tools can be specified and a reliable statistical forecast established.
Today, Integrated Business Planning sits at the heart of many organisations as the management process that runs the entire business
IBP is becoming a key element in the retail sector by changing the scope of supplier collaboration
“With its integrated plans and rolling 24-month horizon, IBP is a powerful tool in providing the visibility and control needed to strategically manage the entire organisation. By aligning the tactical plans every month, it allows an organisation to identify any potential gaps early, and to allocate critical resources to satisfy customers in the most profitable way.”
“Many SMEs think supply chain optimisation is just for larger organisations, but if businesses want to compete with larger corporations they need to be thinking about their supply chain too. This workshop will look at what effective supply chain management means for smaller companies and how they can effectively monitor performance and achieve excellence.
“Straight away we cut lead-times by two days, which was a real benefit for our council customers