Integrated Business Planning (IBP) is a brilliant process to nurture cross-functional team engagement and achieve outstanding organisational performance. From my experience a 𝒎𝒂𝒋𝒐𝒓 𝒑𝒂𝒓𝒕 𝒐𝒇 𝒂𝒏 𝑰𝑩𝑷 𝒕𝒓𝒂𝒏𝒔𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 𝒎𝒖𝒔𝒕 𝒃𝒆 𝒅𝒓𝒊𝒗𝒆𝒏 𝒃𝒚 𝒕𝒉𝒆 𝒊𝒏𝒕𝒆𝒓𝒏𝒂𝒍 𝒕𝒆𝒂𝒎𝒔. However, there are some areas, where external consultancy can be of great support.
Principles for a successful IBP transformation:
⇨ Fully leverage the 𝒊𝒏𝒕𝒆𝒓𝒏𝒂𝒍 𝒆𝒙𝒑𝒆𝒓𝒕𝒔 𝒊𝒏 𝒕𝒉𝒆 𝒐𝒓𝒈𝒂𝒏𝒊𝒔𝒂𝒕𝒊𝒐𝒏!
⇨ Make sure that you have an 𝒊𝒏𝒕𝒆𝒓𝒏𝒂𝒍 𝑰𝑩𝑷 𝒍𝒆𝒂𝒅
⇨ Build a strong 𝑰𝑩𝑷 𝒈𝒐𝒗𝒆𝒓𝒏𝒂𝒏𝒄𝒆 that will drive evolutionary improvement of process, system, and organisation
⇨ All team members should get the opportunity to 𝒕𝒓𝒚 𝒐𝒖𝒕 𝒕𝒉𝒊𝒏𝒈𝒔 and to benefit from the learnings
⇨ Make sure that the process, system and organisational 𝒍𝒆𝒂𝒓𝒏𝒊𝒏𝒈𝒔 𝒓𝒆𝒎𝒂𝒊𝒏 𝒊𝒏 𝒕𝒉𝒆 𝒐𝒓𝒈𝒂𝒏𝒊𝒔𝒂𝒕𝒊𝒐𝒏.
External consultancy may be especially valuable to sharpen the 𝑾𝑯𝒀 and the 𝑯𝑶𝑾 of the process:
⇨ 𝑺𝒆𝒏𝒔𝒆-𝒎𝒂𝒌𝒊𝒏𝒈 interviews with all functions to paint the picture of current condition versus IBP vision
⇨ Act as a sounding board and 𝒄𝒐𝒎𝒑𝒂𝒏𝒊𝒐𝒏 𝒐𝒇 𝒕𝒉𝒆 𝑰𝑩𝑷 𝒍𝒆𝒂𝒅 bringing in external experience
⇨ 𝒄𝒐𝒂𝒄𝒉𝒊𝒏𝒈 𝒕𝒉𝒆 𝑰𝑩𝑷 𝒕𝒆𝒂𝒎 along the IBP transformation journey
⇨ setting up a 𝒄𝒍𝒆𝒂𝒓 𝒈𝒐𝒗𝒆𝒓𝒏𝒂𝒏𝒄𝒆 𝒔𝒕𝒓𝒖𝒄𝒕𝒖𝒓𝒆
⇨ supporting the teams not just on the technical aspects of Integrated Business Planning (IBP) (process, system), but also in the 𝒃𝒆𝒉𝒂𝒗𝒊𝒐𝒖𝒓𝒂𝒍 𝒂𝒔𝒑𝒆𝒄𝒕𝒔 (people, organisation) of a cross-functional business transformation
Curious to hear about your experience during IBP transformations!