The Power of Information

Lang, Loren
September 1999
Financial Executive;Sep/Oct99, Vol. 15 Issue 5, p46
Academic Journal
This article describes how some firms are lowering costs through integrated business planning (IBP). The author explains how General Motors instituted an IBP with firm goals and a short amount of time to reach them. Using the IBP with driver-based forecasting created reliable forecasts resulting in cost reductions in each division's finance function.


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