Integrated Business Planning (IBP) is a process that helps organisations achieve process excellence by identifying the gap between business targets and strategy (top-down) and the most likely outcomes (bottom-up). IBP is a cyclic monthly process that enables collaborative business planning and departmental alignment through cross-functional inputs, this ensures a higher degree of coordination to improve…
Month: May 2020
Assumptions and constraints in project management
Every project has certain assumptions and constraints that need to be considered while planning, these are inputs for many processes and they need to be identified and defined at the start. Assumptions Assumptions are the events or circumstances that are expected during a project’s lifecycle. For example, at the beginning of any project, we assume…
Sales and Operations Planning
Sales and Operations Planning (S&OP) is a business management process where organisations make efforts to balance demand and supply to improve inventory management. S&OP integrates sales, operations and finance to enable quick decision making and efficient business planning. Demand forecasting is one of the most crucial steps in S&OP. When an organisation understands the demand…
How does an end-to-end solution help in business management?
An end-to-end business management solution can be described as software that brings to your dashboard, all the key elements in a business. It is a centralised hub that enables collaborations between the departments from the beginning to the end. Effective management of supply chains and operations requires information sharing in real-time. The stakeholders and coordinators…
Supply Chain Management
What is Supply Chain Management? A supply chain is a series of processes that transform raw materials into the final product. Supply chain management is a process by which organisations achieve an efficient and cost-effective supply chain. It can be defined as management of the flow of materials, products and services. It is the centralised…
Business efficiency and productivity
Efficiency and productivity are the terms mostly used together but they have different meanings. Productivity is the quantitative measure of efficiency; efficiency can increase productivity. Productivity: the ratio of input and output Productivity focuses on the quantity of output; it is the rate at which goods are produced. It is defined as output per unit…