Accelytics

Integrated business planning (IBP) is a strategy that connects strategic planning, finance, supply chain, sales, marketing, and product development operations to enhance planning precision and operational performance. This alignment drives genuine company performance, such as return on investment, gross profit, and working capital. Benefits of Integrated Business Planning Implementing IBP enables organizations to plan in a more strategic, data-driven, and agile manner. The top advantages of IBP are as follows: ·          IBP helps firms to transition from a static planning approach to an agile, continuous planning process. This is essential for businesses that plan and often predict, such as weekly or even daily. ·          IBP decentralizes the planning function for collaborative planning and decision-making. Managers and other frontline company stakeholders are able to accept responsibility for their numbers. This avoids conspicuous mistakes and delays and improves the accuracy

Inventory optimization is the act of keeping the appropriate quantity of stock at all times in order to satisfy customer demand, limit the amount of money spent on logistics, and prevent typical inventory problems such as stockouts, overstocking, and backorders. Inventory can be a challenging aspect of your business depending on how volatile the market is. For optimized Inventory Management , there are a few strategies an organization can deploy. 1.     Use demand forecasting If you have the appropriate resources and technology available to predict demand, you will be able to make better-informed judgments on supply, which will allow you to estimate the sum of the sales and revenue for a period of time in the future. The most significant data to have access to in order to estimate demand is historical order data since it gives insights into sales patterns. This data may be found in sales reports.When you have access to this kind of information, you are able to increase the efficiency