Forecast PRO drives UK business improvement with better forecast accuracy
Forecast PRO TRAC available in the UK is a great way to start improving forecasting accuracy. The Expert forecasting methodology selector allows Forecast PRO and Forecast PRO Collaborator users to save money, time and improve forecast accuracy every day. 2000 UK/Ireland Forecast Users can't be wrong. However human interaction, knowledge will always be needed.
I want more details on Forecast PRO.
2010 brings many challenges for Demand Planners, Forecasters, Sales & Operations Planning and anyone who needs to use a statistical forecasting methodology. Economic reality currently means two issues collide.
A) Everyone wants improved forecasting accuracy.
B) Confidence in forecasting and forecastors is at an all time low and patience in short supply.
Question - Did your finance department see the financial crisis coming?
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Forecast PRO will improve the planning capability of most organisations but it takes time. Forecast accuracy is driven by small steps. In 2010 we have plenty of events driving demand, creating bias, affecting forecasts.
- Soccer World Cup
- Hardest winter in UK / Ireland for years
- Recession / Financial Crisis
- UK Election
And that is just the external issues there will be lots of other issues where experience, Industry and local knowledge is required to hone the forecast. We are working with UK business to speed this process up, focus on the problem lines first, collaborate with colleagues effectively, reduce spreadsheet reliance for example.
Confidence levels in Forecasting are low.
Forecast PRO forecasting techniques will improve accuracy now as well as in the good times. Confidence in the forecast, analysis, decisions maybe low. Fast Moving Consumer Goods patterns and Capital markets all behave differently since the financial collapse. We will help you see the changes and meet them.
In the UK/Ireland in 2010 the biggest impact on Forecast accuracy will still be the Macro assumptions, management over-rides that lead to forecast bias. An organisation's culture, behaviour and reward systems are the key to eliminating bias improving the forecast in the longer term.
And as we said at the beginning Forecast PRO is the place to start.