How supply chain can align decision-making more effectively with finance in S&OP/IBP?
Welcome to STO webinar “Effective financial integration in IBP processes” Wed 8.12.2021 5-7 pm
Hear the concept and theory behind highly functioning IBP (Integrated Business Planning). As manufacturers become larger and more complex, they require profit-based IBP processes featuring mature forms of financial integration. Some refer to this as fully integrated IBP processes. However, there are differing views as to what such fully integrated processes entail.
Speakers: Dean Sorensen, IBP Collaborative, Richard Herrin, Geon Performance Solutions
When: Wed 8.12.2021 from 5 to 7 pm (Finnish time)
Where: Online in Teams
For: Suomen Tuotannonohjausyhdistys ry members
Enter by 6.12.2021 here
The event is jointly organised by STO ry with LOGY ry and Plan Sweden. The event is free of charge for STO members. A recording will be available for participants for two weeks after the event. Teams link to event will be sent by email on Tue 7.12. STO membership applications: http://www.sto-ry.com/liity-jaseneksi
Effective financial integration in IBP processes
As manufacturers become larger and more complex, they require profit-based IBP processes featuring mature forms of financial integration. Some refer to this as fully integrated IBP processes. However, there are differing views as to what such fully integrated processes entail. By attending this webinar, you get answers to the following questions:
- Why are financially integrated IBP processes important in manufacturers?
- What steps comprise these processes and how do they compare to 5 step ones?
- What incremental capabilities comprise fully integrated processes?
- Why is cash flow forecasting a leading indicator of such IBP processes?
- How do these processes create value that traditional processes do not?
- How do these processes benefit both finance and operations?
Dean Sorensen is the founder of the IBP Collaborative, a consultancy that helps global manufacturers establish mature IBP processes that are fully integrated with Finance. Dean specializes in helping complex manufacturers that have two things in common. First, they have existing technologies that support sales and operations planning and financial rolling forecast processes. Second, these processes are not delivering expected cost and inventory reductions. Dean is the IBP editor of Foresight magazine and has previously worked for Accenture, KPMG and AT Kearney consultants.
Richard Herrin is the Director of IBP for Geon Performance Solutions. What’s unique about this role is that Richard reports directly to the Chief Financial Officer of this $1 Billion manufacturer. Over his 30 year career, Richard has been both an IBP consultant and practitioner. He has deep experience in both demand and supply planning processes, across more than a dozen companies. In his previous role, Richard was a Director of the IBP Center of Excellence for Eastman Chemical, a $10 Billion global manufacturer.