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Integrated business planning for manufacturing

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Marisa Garcia

CPA, Partner, CohnReznick Advisory

Contact Marisa View full biography

Integrated business planning (IBP) for the manufacturing industry

In today’s dynamic, disruptive retail and consumer goods market, quarterly business planning and forecasting across a number of unconnected systems won’t cut it. 

Businesses must anticipate and manage swings in supply, sales, demand, promotions, and customer preferences – all without disruption to operations and sales. The ability to predict, rather than simply respond, is increasingly critical. 

An Integrated Business Planning (IBP) strategy can help by unifying people, processes, and technologies across functions, breaking down silos to align data, drive communication and collaboration, link planning processes, and improve the accuracy of reporting. 

Ultimately, IBP can help retailers stock the right products at the right time at the right place at the right price, regardless of volatile market factors.

Featured Insights

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Manufacturing: Solve 10 operational challenges with integrated business planning

In a new four-part report, CohnReznick explores how an integrated business planning (IBP) strategy can unify your people, processes, and systems across corporate functions to help you tackle 10 key challenges in four categories: Connectivity, Visibility, Planning and forecasting agility, Process and performance enhancement

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STRATEGIC PLANNING: How an IBP Approach Creates Resiliency

The magnitude of the coronavirus outbreak’s impact shows the importance of putting systems and processes in place to prepare your business for global crises.

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Integrated business planning

As management seeks to understand profitability and accurately forecast performance, it faces numerous challenges, including complex supply chains, changing customer priorities, shortened product lifecycles, and evolving labor markets. Internally, managing data on disconnected spreadsheets and centrally controlled systems that do not support dynamic data feeds can impede communication of financial information across departments.

Meet the team

Henrietta Fuchs

CPA, Partner, Manufacturing and Distribution Industry – Co-Leader

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Contact Henrietta
Marisa Garcia

CPA, Partner, CohnReznick Advisory

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Contact Marisa

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Manufacturing & Distribution

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Advisory

This has been prepared for information purposes and general guidance only and does not constitute legal or professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its partners, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.