Monday, June 26, 2017

Scenario Planning and Optimization in Integrated Business Planning Webinar

By utilizing a well-executed Integrated Business Planning process (IBP), companies can achieve cross-functional alignment, optimize costs and improve customer satisfaction. The need for both strategic and tactical agility is manifested in the ability to anticipate changes in demand and supply conditions, investigate ad-hoc scenarios and generate executable plans.

Integrated Business Planning process has extended the Sales & Operations Planning process and has now been the best practice in the industry. The process is led by senior management and aims to align company plans every month to allocate the critical resources - people, equipment, inventory, materials, time and money - to most effectively satisfy your customers, in a profitable way.

IBP is a complex process and unfortunately, many companies are trying to run it manually using spreadsheets with the help of their ERP or SCM software. To make this manual process practical, the companies does a lot of aggregation and abstraction and try to focus more on bottleneck resolution rather than optimization. The process also does not allow significant what-if-analysis (scenario planning).

There is actually a way to significantly automate and improve the IBP process with focus on speed, optimization and multiple scenario analysis : Mathematical optimization. This method is available since early 1940s but it was mostly a luxury for significantly large companies until recently. Now with the advances in computer technology and advanced planning and scheduling technologies, mathematical optimization can be applied to IBP process.

In the Scenario Planning and Optimization in Integrated Business Planning (IBP) webinar to discover how companies like ASMLVestel and Trakya Cam are utilizing ICRON Advanced Planning and Scheduling to evaluate multiple scenarios, rapidly generate optimized plans and compare financial and operational KPIs to make informed decisions in their S&OP/IBP processes.

Click here or image below to access the webinar recording : IBP Webinar video.

Scenario Planning and Optimization in Integrated Business Planning Webinar

Webinar is conducted by the Chief Technology Officer of ICRON Technologies, Zeki Caner Taşkın. Mr. Taşkın joined ICRON in 2001 and specializes on large-scale optimization methods and software. He was named the recipient of the 2010 Pritsker Doctoral Dissertation Award given by the Institute of Industrial Engineers (IIE) and his research has appeared in many leading Operations Research journals. Caner received his Ph.D. from the University of Florida and as an academic he teaches in the Industrial Engineering department of Bogazici University.

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