| Best Practices |
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The
Impact of Forecasting Improvement on Return on Shareholder Value
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| Conferences & Events |
New Products Forecasting - Webinar with Professor Kahn, |
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How does Your Company Compare to the Best Practices in Enterprise Planning? You can find out in about five minutes! |
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By Glen W. Margolis, Founder and EVP Services, Steelwedge Software |
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Use this simple guide to help you determine how your company compares to the Best Practices in Enterprise Planning. There are four levels that describe the evolution to Best Practices—Basic, Intermediate, Advanced and Best Practices—and within each level there are the Planning Approach (Collaboration, Forecasting, Process) and the System Capabilities (Systems, Analytics, Automation).
While few companies fit squarely into any one of the boxes in the matrix below, the guide can be useful in determining your organization’s overall planning level, and in helping to pin-point areas in which improvements can yield the greatest return. 
The questionnaire below can help you determine how your company compares. Using a 1-5 point scale (five is best), select the description that describes your company and tally up your score for each category. A total score of 10 or less means that your company is at Level One--Basic; a total score between 11 and 16 is Level Two--Intermediate; a total score between 17 and 22 is Level 3—Advanced; and a total score of 23 or more is Level 4—Best Practices. 
Now go back to the first picture where you can view a description of your overall planning "grade" level in the Enterprise Planning & Performance Management Guide. For additional information go to the Steelwedge Home Page www.steelwedge.com to explore solutions by functionality, or the Steelwedge Product Page to learn which solutions will help you achieve the best practices in enterprise planning and performance management. And, if you’d like to contact a Steelwedge Consultant click here.
About the Author
Glen Margolis is the founder of Steelwedge Software. Prior to starting Steelwedge, Glen worked in several startups, and was a supply chain and manufacturing systems consultant with Mercer Management Consulting and Ernst & Young, where he managed SAP, i2, and PeopleSoft implementation teams. Glen has a BS degree in Engineering and a Masters in Finance from Harvard. |
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