Posted by: Margaret Rouse
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“Ideally, companies should integrate their business planning across multiple departments within each line of business (which is hard to do) and across lines of business that must work together — which is even harder.” — Barry Wilderman
Today’s WhatIs.com Word of the Day is integrated business planning (IBP), a strategy for connecting the planning functions of each department in an organization to align operations and strategy with the organization’s financial performance.