During our recent 52nd IBP/IBSing call, we explored the significant potential for enhancing organizational resilience through the reinforcement of our IBP processes. Allow me to summarize ten key insights from our session:
๐ท๐๐-๐ซ๐๐๐๐๐๐๐๐๐ ๐บ๐๐๐๐:
1.ย ย ย ย ย ย Develop business contingency plans, establish structural buffer stock, and engage in ๐ฌ๐๐๐ง๐๐ซ๐ข๐จ ๐ฉ๐ฅ๐๐ง๐ง๐ข๐ง๐ ๐๐๐ฌ๐๐ ๐จ๐ง ๐ซ๐ข๐ฌ๐ค ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ฌ. It’s crucial to make the financial impact of potential risks visible to leadership.
2.ย ย ย ย ย ย Utilize digital prewarning systems and leverage the „๐๐ฎ๐ฆ๐๐ง ๐๐๐ง๐ฌ๐จ๐ซ ๐๐๐ญ๐ฐ๐จ๐ซ๐ค“ (IBSing) to identify risks, diagnose issues, and prioritize them accordingly.
3.ย ย ย ย ย ย Maintain a high sense of urgency ๐๐๐ญ๐ฐ๐๐๐ง ๐๐๐ญ๐๐๐ญ๐ข๐ง๐ ๐ ๐ฉ๐ซ๐จ๐๐ฅ๐๐ฆ ๐๐ง๐ ๐ข๐ญ๐ฌ ๐ฉ๐จ๐ญ๐๐ง๐ญ๐ข๐๐ฅ ๐ข๐ฆ๐ฉ๐๐๐ญ. Swift, well-informed decisions and effective actions are imperative.
4.ย ย ย ย ย ย Foster ๐ซ๐จ๐๐ฎ๐ฌ๐ญ ๐ซ๐๐ฅ๐๐ญ๐ข๐จ๐ง๐ฌ๐ก๐ข๐ฉ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฌ๐ฎ๐ฉ๐ฉ๐ฅ๐ข๐๐ซ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐๐ซ๐ฌ through cross-organizational IBP processes to enhance transparency and agility across the value chain.
๐จ๐-๐ซ๐๐๐๐๐๐๐๐๐ ๐บ๐๐๐๐:
5.ย ย ย ย ย ย S&OE/IBSing serves as the optimal process for ๐ฌ๐๐ง๐ฌ๐ข๐ง๐ ๐๐ง๐ ๐ซ๐๐ฌ๐ฉ๐จ๐ง๐๐ข๐ง๐ promptly, ensuring aligned communication, cross-functional decision-making, and action management.
6.ย ย ย ย ย ย Adopt a creative approach to surmount barriers by establishing „๐ญ๐๐ฌ๐ค ๐๐จ๐ซ๐๐๐ฌ“ to address significant criticalities. These efforts not only mitigate impacts on customers and business but also drive innovation within the organizational framework.
7.ย ย ย ย ย ย Prioritize ๐๐ฌ๐ฌ๐๐ง๐ญ๐ข๐๐ฅ ๐๐๐ญ๐ญ๐ฅ๐๐ฌ to focus efforts effectively.
๐ท๐๐๐ ๐ซ๐๐๐๐๐๐๐๐๐ ๐บ๐๐๐๐:
8.ย ย ย ย ย ย Acknowledge the importance of this phase and ๐๐ฏ๐จ๐ข๐ ๐จ๐ฏ๐๐ซ๐ฅ๐จ๐จ๐ค๐ข๐ง๐ ๐ข๐ญ.
9.ย ย ย ย ย ย Establish a ๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐๐ ๐๐๐/๐๐๐๐ข๐ง๐ ๐ ๐จ๐ฏ๐๐ซ๐ง๐๐ง๐๐ forum for continuous improvement.
10.ย ย Capture learnings and integrate the management of ๐ฌ๐ฒ๐ฌ๐ญ๐๐ฆ๐๐ญ๐ข๐ ๐๐ข๐ฌ๐ซ๐ฎ๐ฉ๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง๐ญ๐จ ๐ฒ๐จ๐ฎ๐ซ ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ฆ๐จ๐๐๐ฅ as part of your supply chain strategy.
Anything that I missed? ๐๐ง๐ฒ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐ญ๐ก๐จ๐ฎ๐ ๐ก๐ญ๐ฌ on how to leverage IBP / IBSing for a more resilient organization?
Special thanks toย Daniel Langnerย for the insightful introduction, and to all SC leads and IBP practitioners for sharing valuable insights and co-creating ideas during our breakout sessions.