IBP for Inventory

IBP, or Inventory Business Planning, is a strategic process that helps companies optimize their inventory levels by aligning supply with forecasted demand. It involves analyzing sales data, forecast accuracy, and lead times to ensure there's enough stock to meet customer needs without overstocking. This helps reduce costs, avoid stockouts, and improve customer satisfaction. Think of it as a detailed plan that balances having the right products available at the right time while managing risks and costs effectively.