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Enterprise Forecasting - Debunking the Myths |
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Craig Burkhead, Chief Scientist, Steelwedge Software. |
In twenty years of working in enterprise planning, I’ve seen and heard more than my fair share of strange claims by vendors, and even stranger statements by prospects. The plan for this month, is to bring up just a handful of the more common myths or misconceptions that I’ve heard over the years.
Of course, as they say, YMMV (Your Mileage May Vary), so these are generalities. Perhaps you really do have 98% corporate accuracy, 5 min lead times and salespeople who don’t game their numbers. For the rest, hopefully you'll find this worthwhile …
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How does Your Company Compare to Best Practices in Enterprise Planning?
You can find out in about five minutes!
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Lean Manufacturing Principles: Fundamental to Successful Enterprise Planning and Performance Management
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Use this simple guide to help you determine how your company compares to 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…
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In the face of global competition and discerning customers, more and more businesses are turning towards Lean Manufacturing principles to become more efficient and effective in lowering costs and increasing profits. Developed by Automotive industry to reduce waste and improve quality on the shop floor, the basic principles-- Value Analysis, Continuous Flow, Pull System, Standardized Work, Production Smoothing and Continuous Improvement-- have resonated and permeated across various industries and business functions.
The advent of digital age and software solution providers has further fueled this process. The reason is simple, to minimize waste in value chain and to place the right product at the right place at the right time and at the right price requires:
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3825 Hopyard, Suite 155, Pleasanton, CA 94588 |
Perspectives on Enterprise Planning is an electronic newsletter highlighting issues and trends in
enterprise forecasting and planning. You are welcome to forward this newsletter to associates and
business partners who have an interest in demand management. Published by STEELWEDGE, Inc., the
leading innovator in the field of Enterprise Planning and Performance Management. For more information
about STEELWEDGE, please visit http://www.steelwedge.com/.
Copyright 2005 STEELWEDGE, Inc. All rights reserved. |